XRP exchange-traded fund ‘very soon’, likely next after Bitcoin and Ethereum, says Ripple CEO

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ripple president Monica Long It was mentioned that XRP Spot Exchange Traded Fund (ETF) It is likely to be approved “very soon,” and is expected to be next after the recent approval Bitcoin (encryption: Bitcoin) and Ethereum (encryption: Ethereum) ETFs.

Long’s comments indicate a major shift in the regulatory landscape, potentially opening up (CRYPTO: XRP) to a broader base of investors.

What happened: In an interview with Bloomberg on Wednesday, Long suggested that an XRP exchange-traded fund is not just a possibility, but a possible development in the near term.

“I think we’ll see one very soon,” she added.

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She also explained: “I think we will see more diversified crypto ETFs this year exiting the US. I think XRP will likely be next in line after Bitcoin and ETH.”

Approval a XRP ETF It will mark a major milestone for the asset and potentially bring a wave of institutional investment.

Long attributes this expected acceleration to “administrative change and approvals of those filings.”

Her comment suggests that shifts in regulatory policy are now creating a more favorable environment for cryptocurrency ETF approvals.

She also pointed out that many companies, including Canaryhas already been submitted to XRP Spot ETFsWhich strengthened her confidence in their approval.

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Why it matters: In addition to her comments on the expected XRP ETF, Long spoke about the growth in Ripple’s payment solutions and the growing demand for stablecoins.

She revealed that Ripple’s business in the field of payment solutions doubled last year and expects a strong growth trajectory.

She also talked about the company’s stablecoin, RLUSD Which, she said, “will have a distinct role.”

Stablecoins serve as an important part of the cryptocurrency infrastructure, Long said, noting that “they’re really the way in and out,” and they’re also “used as a major asset in trading.”

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