Ripple anticipates regulatory momentum under the new administration, paving the way for an XRP exchange-traded fund (ETF).
XRP ETF Likely After Bitcoin and Ether
Ripple President Monica Long expressed optimism in a Bloomberg interview, stating that an XRP ETF is “likely to be next in line after bitcoin and ether.” Favorable crypto regulations under the new U.S. administration could expedite ETF approvals, she noted.
RLUSD Stablecoin Gaining Traction
Ripple’s RLUSD stablecoin, launched on Ethereum and XRP Ledger in December, has a $72 million market cap and growing adoption. Ripple aims to integrate RLUSD into more exchanges, with Long highlighting its potential to transform payments and decentralized finance (DeFi) applications.
ETF Filings Await Approval
Several asset managers, including Bitwise, WisdomTree, and 21Shares, have filed for XRP ETFs. However, the U.S. Securities and Exchange Commission (SEC) has yet to make a decision on these applications.
Business Gains Under New Administration
Ripple has reported a surge in U.S.-based partnerships since the November election. Optimism around the pro-crypto Trump administration has fueled XRP’s 300% price increase, surpassing other major cryptocurrencies.
Disclaimer:
The information provided on 13Desk is for informational purposes only and should not be considered financial advice. We strongly recommend conducting your own research and consulting with a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies carries risks, and you should only invest what you can afford to lose. 13Desk is not responsible for any financial losses incurred from your investment activities.
