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TimesTabloid 2025-01-11 06:28:59

Ripple President Says XRP ETF Is Next For Approval Amid RLUSD Progress

Ripple President Says XRP ETF Is Next For Approval Amid RLUSD Progress

Ripple President Monica Long has expressed strong confidence regarding the potential approval of an XRP exchange-traded fund. In a recent Bloomberg interview , Long noted that the evolving regulatory landscape in the U.S. presents favorable conditions for cryptocurrency-based financial products, particularly spot ETFs. The anticipation surrounding XRP ETFs has intensified following multiple applications from prominent financial institutions. Asset manager Bitwise began the trend in early October 2024 with its filing to the U.S. Securities and Exchange Commission (SEC) for an XRP ETF Subsequently, established firms including Canary Capital and 21Shares submitted their applications, demonstrating growing institutional interest in XRP-based investment vehicles. These developments, combined with Donald Trump’s victory in the U.S. presidential election, contributed to XRP’s notable performance in November when the digital asset rose by over 300%, positioning it as one of the leading performers among the top assets. When Will the SEC Approve XRP ETFs Long elaborated on the timeline for XRP ETF approvals, suggesting that these products would likely follow the established precedent set by Bitcoin and Ethereum offerings. The potential approval of XRP ETFs is a significant milestone in the broader adoption of digital assets and could help XRP hit a new all-time high just like Bitcoin. Ripple CEO Brad Garlinghouse has previously described XRP ETFs as inevitable , and Long believes XRP is “next in line” for ETF approval. She expects the new administration to accelerate the approval process. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 What’s Next for RLUSD? Ripple has also achieved significant progress with RLUSD since its launch in mid-December. Staticcoin, launched on the Ethereum blockchain and XRP Ledger (XRPL), has rapidly accumulated users and has a market capitalization of $72 million. The recent integration of Chainlink services has further enhanced RLUSD’s functionality, particularly within decentralized finance protocols, marking a strategic expansion of Ripple’s financial ecosystem. The company’s domestic operations have demonstrated notable momentum, with Long revealing unprecedented growth in 2024. Ripple’s businesses doubled in 2024, indicating strengthening market confidence in blockchain-based financial solutions, and Long believes 2025 will be a big year for crypto overall. Long also disclosed plans for expanding RLUSD’s availability across trading platforms. When asked when RLUSD will launch on major exchanges like Coinbase, Long revealed that the community can expect more information “imminently.” The stablecoin represents Ripple’s comprehensive strategy to enhance its payment infrastructure and monetary services offerings. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple President Says XRP ETF Is Next For Approval Amid RLUSD Progress appeared first on Times Tabloid .

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