CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino
crypto.news 2025-03-20 07:03:15

Ripple CEO expects XRP ETFs to launch by H2 2025, XRP whale holdings surge 6.5% to $114B

Ripple CEO Brad Garlinghouse expects XRP exchange-traded funds to launch in the U.S. by the second half of 2025. In an Mar. 19 interview with Bloomberg Crypto, he expressed strong confidence in the approvals, citing Ripple’s ( XRP ) legal win against the Securities and Exchange Commission as a key turning point. “There’s huge demand for these ETFs,” Garlinghouse said, noting that XRP-based investment products outside the U.S. are already seeing steady inflows while other crypto funds struggle. Following the SEC’s decision to drop its case against Ripple on Mar. 19, he believes that previous regulatory pressure on XRP has eased. Institutions now have greater trust in XRP’s legal standing as a result of this resolution, according to Garlinghouse. He also hinted that XRP could play a role in a U.S. government digital asset reserve. “I have immense confidence in the ETFs. I think there’s 11 different filings pending with the SEC to launch XRP ETFs. I think those will be live in the second half of this year”. — Brad Garlinghouse, Ripple CEO At least ten applications for XRP ETFs are awaiting SEC approval, including proposals for spot, leveraged, and inverse ETFs. Franklin Templeton, a major asset manager, recently joined the list of applicants. Improved ties between Ripple and regulators, as well as the SEC’s shifting stance on cryptocurrencies, may speed up the process. You might also like: Top 3 XRP tokens to buy after the end of SEC vs Ripple case The general market has also shown confidence in the launch of XRP ETFs. After the SEC dismissed the case, the odds of an XRP ETF being approved in 2025 increased to 84% on the crypto prediction website Polymarket. Meanwhile, large investors continue to accumulate XRP. According to Santiment data , wallets with at least one million XRP have grown their holdings by 6.5% in the last two months to a total of 46.4 billion XRP, around $114 billion. With six times as many unique wallet interactions in March, network activity has also increased. Following the Mar. 19 regulatory victory, the price of XRP rose more than 10% to a high of $2.57, but it has since leveled off at $2.45, up 6% in the last 24 hours. The market’s next move is still uncertain, but XRP’s growing popularity and whale accumulation point to rising investor confidence. Read more: Crypto Fear and Grid Index rises 17 points to 49 as Federal Reserve maintains interest rates

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.