Ripple President Monica Long believes additional crypto exchange-traded fund (ETF) approvals will pave the way for another big year for digital assets in 2025.
Long predicts in a new interview with Bloomberg Crypto that “various spot crypto ETFs” will receive the seal of approval in the United States this year.
Ripple’s chairman also said that payments-focused altcoin XRP would “probably be next in line” in terms of ETF approvals.
Several 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 green-lighted the first Bitcoin ETF (BTC) spot market last January, generating billions of dollars in inflows into the leading digital asset by market capitalization. The regulator then approved the trading of Ethereum ETFs (ETH) in July.
Long predicts that approvals of these new XRP filings will accelerate due to President-elect Donald Trump’s election victory and the upcoming leadership change at the SEC.
XRP is trading at $2.36 at the time of writing, a marginal increase over the past 24 hours.
The Ripple president is also planning big things for the stablecoin market.
“The stablecoin market today is over $150 billion for US dollar stablecoins, and it’s expected to grow to over $3 trillion in the next few years, so it’s a market that’s exploding. “
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