Ripple CEO Brad Garlinghouse has confirmed that multiple XRP-based exchange-traded funds (ETFs) are set to debut in the United States in the second half of 2025. This follows the conclusion of Ripple’s long-standing legal battle with the U.S. Securities and Exchange Commission (SEC), which had previously cast uncertainty over the cryptocurrency’s future in the regulatory landscape. Ripple CEO Confident in XRP ETF Approval In a recent interview with Bloomberg Crypto, Garlinghouse expressed strong confidence in the approval of XRP ETFs. When asked about the possibility of XRP being considered part of a government-backed reserve and the likelihood of ETF approval, he stated, “I have immense confidence on the ETF.” Currently, several XRP ETF applications, including spot, leveraged, and inverse variations, are under review by the SEC. Among the notable issuers is Franklin Templeton, one of the largest asset managers, which recently entered the race for XRP-based ETFs. Garlinghouse remained optimistic about their launch, stating, “I think those will be live in the second half of this year.” XRP ETFs See Growing Interest Globally While the U.S. market awaits regulatory clearance, Garlinghouse highlighted that XRP-based exchange-traded products (ETPs) in international markets have already witnessed substantial investor inflows. This trend stands in contrast to outflows seen in other cryptocurrency ETFs. “I think that’s because you had this false negative pressure from the SEC, this kind of an exogenous hand holding things down that’s now being released,” he explained. SEC Ruling Boosts XRP Market Confidence The resolution of the SEC’s lawsuit against Ripple sparked a significant surge in the XRP market. On prediction platform Polymarket, the odds of an XRP ETF receiving approval by 2025 soared to 86%. Meanwhile, XRP’s value experienced a notable uptick of 14%, reaching a high of $2.57, as per CoinGecko data. US Government’s Crypto Stockpile Plans Garlinghouse also addressed the U.S. government’s approach to digital asset reserves. He revealed that seized cryptocurrencies, including XRP, would be incorporated into a national crypto stockpile alongside a strategic Bitcoin reserve. “My understanding is that the stockpile will be represented by seized other cryptos other than Bitcoin that then will be in that stockpile,” he stated. He further clarified that cryptocurrencies seized by law enforcement, including XRP, would be added to the reserve alongside Bitcoin holdings. Under a recent executive order signed by President Trump on March 6, all federal agencies are required to report their digital asset holdings to the Secretary of the Treasury and the President’s Working Group on Digital Asset Markets. Additionally, the order mandates an audit of previously seized cryptocurrency holdings, which have never undergone a full evaluation. The executive order specifies that assets within the U.S. Digital Asset Stockpile can be sold under certain conditions, particularly with the authorization of the Treasury Secretary. While Trump had initially indicated that Ethereum, XRP, Solana, and Cardano would be included in the national stockpile, White House AI and crypto czar David Sacks later clarified that these assets were mentioned primarily due to their significant market capitalization.
