Ripple CEO Looks to ETF, Strategic Reserve Inclusion
XRP recently soared by 11%, to more than $2.51. It is now the third largest cryptocurrency in terms of market capitalization behind only Bitcoin (BTC), and Ethereum (ETH).
Key Highlights:
1. The XRP Exchange-Traded Fund is on the Horizon: Ripple Chief Executive Brad Garlinghouse anticipates that an XRP Exchange-Traded Fund (ETF), following Ripple’s resolution of its legal dispute with the U.S. Securities and Exchange Commission, will launch before the end of the year 2025.
2. Possible U.S. Strategic Reserve Included: It is expected that XRP will be included in the White House’s digital assets stockpile as described in an executive order signed by Donald Trump, former president of the United States in March.
3. Legal Victory Fuels Hopefulness: On Wednesday the SEC dropped their case against Ripple, opening up new opportunities for regulatory clarity.
Garlinghouse, in an interview with Bloomberg Markets, expressed his confidence that XRP would continue to grow, citing the initiative of President Trump, who wants to create a cryptocurrency reserve that may include XRP.
He also predicts a wave of RP-based ETFs will be approved in 2025. There are currently over ten pending requests from various asset managers, including Bitwise, Franklin Templeton, and others.
Garlinghouse said, “I am extremely confident in ETFs.” He was referring to the worldwide success of XRP Exchange Traded Products (ETPs). According to Garlinghouse, an IPO for RippleLabs could happen in the future, but it’s not the most important issue at the moment. XRP’s successful increase in value has turned from simply a player to one of the most important digital assets.
