Ripple President Monica Long Discusses Potential XRP ETF Arrival

Key Points of Interest
Monica Long, President of Ripple, and CEO Brad Garlinghouse are optimistic about the possibility of an XRP ETF.
Recent developments in the approval of Ethereum ETFs and a more favorable stance from the SEC signal potential for other cryptocurrencies, including XRP, to follow suit.
The high trading volume and market capitalization of XRP indicate significant investor interest in an XRP ETF.
Is an XRP ETF on the horizon?
Monica Long, Ripple’s President, is a strong proponent of the potential for XRP in today’s market. Her positive outlook is echoed by CEO Brad Garlinghouse, who has forecasted the introduction of an XRP ETF by 2025.
Following discussions at the influential Consensus 2024 conference, could this be the breakthrough moment for XRP?
Delve deeper into why Ripple is so enthusiastic about the prospects of an XRP ETF and the potential implications for the cryptocurrency’s future.
Bold Predictions by Garlinghouse
During Consensus 2024, Garlinghouse confidently predicted the emergence of XRP ETFs and other financial products for cryptocurrencies like Solana and Cardano. He emphasized the inevitability of these advancements as the cryptocurrency market matures and gains broader acceptance.
Changing Regulatory Landscape
Recent developments in the ETF sector include the green light given to Ethereum spot ETFs by the US Securities and Exchange Commission (SEC).
Cathie Wood, CEO of ARK Invest, highlighted at Consensus 2024 how political dynamics have turned crypto into an election issue, influencing regulatory decisions.
The shift in approach became apparent when SEC Chair Gary Gensler, previously hesitant about crypto ETFs, adopted a more lenient attitude towards the pending ETH ETF launch. Gensler’s shift came after a ruling in favor of Grayscale against the SEC, prompting a reevaluation of the regulator’s stance on crypto ETFs.
XRP’s Market Position
XRP holds the position of the eighth-largest cryptocurrency by market capitalization, valued at $29.1 billion, with a 24-hour trading volume of around $917.5 million. These figures underscore the significant interest and trading activity surrounding XRP, indicating the potential impact of an ETF on its market dynamics.
With Ripple’s leadership backing an XRP ETF and regulatory tides changing, the outlook appears bright for cryptocurrency ETFs.
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Tags: Ripple (XRP)