Ripple’s XRP ETF May Be the Next Big Step for Crypto in the U.S.

Ripple’s president, Monica Long, recently shared insights that could reshape the cryptocurrency landscape in the U.S. In an interview with Bloomberg, Long expressed optimism about the possibility of an XRP exchange-traded fund (ETF), signaling a potential new chapter for crypto investment options in the country.

Speaking about the future of ETFs, Long said, “I think that we will see more spot ETFs this year coming out of the U.S., and I think XRP is likely to be next in line after bitcoin and ether. We think, especially with the administration change, the approvals of those filings will accelerate,” highlighting a growing anticipation for regulatory advancements that could create opportunities for XRP-based ETFs.

Ripple is also making strides with its RLUSD stablecoin, which is set to expand its reach on additional exchanges. The company sees RLUSD as a key component of its payments and financial operations. This stablecoin, regulated by the New York Department of Financial Services, adheres to stringent compliance standards, enhancing its credibility within the industry.

To strengthen its integration with decentralized finance (DeFi) protocols, RLUSD recently adopted the Chainlink standard.

While XRP ETFs have not yet received regulatory approval, several asset management firms have already filed for them. Companies like Bitwise, Canary Capital, WisdomTree, and 21Shares are all awaiting decisions on their applications. These filings reflect growing interest in offering XRP-based investment products, aligning with the broader trend of crypto ETFs gaining traction.