The president says the XRP ETF could be next after Bitcoin and Ether

An XRP exchange-traded fund (ETF) could soon become a reality, as favorable US cryptocurrency regulations are paying off nicely for local companies, Monica Long, president of Ripple, said in an interview with Bloomberg on Tuesday.

“I think we’ll see one very soon,” Long said. “I think we will see more crypto ETFs this year exiting the US, and I think XRP will likely be next in line after Bitcoin and Ether.”

She added: “We believe, especially with the change in administration, that approvals for these registrations will accelerate.”

Long added that Ripple’s new stablecoin RLUSD will be available on more exchanges “soon” and is expected to become a key part of the company’s payments and financials business.

RLUSD went public on Ethereum and the XRP Ledger in December and has a market capitalization of $72 million as of Wednesday. Some Chainlink services were approved on Tuesday to enhance utility across decentralized finance (DeFi) protocols. As stated.

In October, Bitwise, the asset manager, I filed an S-1 To the US Securities and Exchange Commission regarding an exchange-traded fund tied to XRP. Later, Canary Capital, WisdomTree, and 21Shares separately applied for XRP ETFs, but no decision has been made on any of them yet.

Since November, speculative optimism among traders has been that a crypto-friendly Trump administration could benefit from tokens tied to US-based companies, such as Ripple Labs (linked to XRP) and Uniswap (UNI), as the companies are more involved in boosting value. For token holders.

Trump’s promises have already hurt Ripple’s local business. He – she Reported signature More US deals in the last six weeks of 2024 than in the previous six months, indicating a positive shift in the post-election business environment.

Ripple (XRP) prices have risen by more than 300% since Trump’s victory, outpacing the growth in all other major cryptocurrencies, especially at the expense of the United States.