Ripple president Monica Long thinks additional crypto exchange-traded fund (ETF) approvals will usher in another big year for digital assets in 2025.
Long predicts in a new interview with Bloomberg Crypto that “various crypto spot ETFs” will receive a seal of approval in the US this year.
The Ripple president also says payments-focused altcoin XRP is “likely to be the next in line” in terms of ETF approvals.
Multiple ETF providers filed Form S-1 registration statements for XRP ETFs with the Securities and Exchange Commission (SEC) last year, including Bitwise Asset Management, 21Shares, Canary Capital and WisdomTree.
The SEC greenlit the first spot market Bitcoin (BTC) ETFs last January, bringing in billions of dollars worth of inflows to the top digital asset by market cap. The regulator subsequently approved Ethereum (ETH) ETFs for trading in July.
Long predicts the approvals on those newer XRP filings will accelerate due to President-elect Donald Trump’s election victory and the upcoming change of leadership at the SEC.
XRP is trading at $2.36 at time of writing, a marginal increase in the last 24 hours.
The Ripple president also forecasts big things for the stablecoin market.
“The stablecoin market today is you know more than $150 billion for US dollar stablecoins, and it’s projected to grow to $3+ trillion over the next few years, so this is a market that is exploding.”
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https://dailyhodl.com/2025/01/09/ripple-president-says-2025-will-be-a-big-year-for-crypto-predicts-more-spot-etfs-will-be-launched-heres-why/
2025-01-09 21:00:21
