In a Jan. 7 interview with Bloomberg News, Ripple President Monica Long hinted that an XRP exchange-traded fund (ETF) could soon follow the approval of Bitcoin and Ethereum ETFs. With growing anticipation, several companies have already submitted XRP ETF applications to the Securities and Exchange Commission (SEC). Long expressed optimism about an accelerated approval process, citing potential shifts in regulatory dynamics tied to the incoming administration.
A Wave of XRP ETF Applications
Ripple’s aspirations for an XRP ETF have gained traction, with high-profile firms like Canary Capital, Bitwise, 21Shares, and WisdomTree recently filing applications. While Bitcoin and Ethereum ETFs have paved the way, XRP proponents are now pushing to secure a spot in the market’s expanding ETF landscape.
Long emphasized that Ripple anticipates a faster pace of approvals moving forward. “The momentum in ETF approvals, especially with regulatory changes on the horizon, puts XRP in a favorable position,” she shared.
Ripple’s native cryptocurrency, XRP, saw its price rise by 1.4% following the Bloomberg interview, reflecting growing investor confidence. The move signals optimism that an XRP ETF would not only strengthen Ripple’s position but also provide more liquidity and accessibility to the digital asset.
Ripple’s Stablecoin Expansion: RLUSD Hits More Exchanges
While XRP ETF developments dominate the headlines, Ripple is making strides with its stablecoin, RLUSD. Initially listed on platforms like Bitso, Moonpay, and CoinMina, RLUSD is set for a broader rollout. Long announced that major exchanges, including Bullish, Mercado Bitcoin, B2C2, Keyrock, Archax, Independent Reserve, and JST Digital, will soon list the stablecoin.
“We are continuing to expand distribution and availability of Ripple dollars on other exchanges. You can expect to see more availability, more announcements coming soon,” Long noted during the interview.
The stablecoin’s increased adoption mirrors a growing appetite for reliable payment solutions, particularly as global markets embrace digital currencies. RLUSD, pegged to the US dollar, is designed to streamline cross-border transactions and enhance liquidity for Ripple’s payment infrastructure.
Strong Growth Outlook for Ripple in 2025
Long painted an optimistic picture for Ripple’s trajectory in 2025, forecasting robust demand for stablecoins alongside broader crypto adoption. “This year will be pivotal for crypto,” she stated, adding that Ripple expects significant growth for both RLUSD and its payments solution.
The stablecoin market, which has become a cornerstone of the crypto ecosystem, is projected to expand as institutional and retail investors seek stability amid volatility. Ripple is positioning RLUSD to cater to this demand, while simultaneously scaling its infrastructure.
Ripple’s Momentum Reflects Broader Industry Trends
Ripple’s recent developments align with larger trends in the cryptocurrency space. The growing interest in ETFs and stablecoins highlights the industry’s push toward mainstream adoption and regulatory clarity.
Ripple’s dual focus on XRP ETFs and RLUSD expansion demonstrates a strategic approach to securing its position as a leader in digital payments and financial innovation. As regulatory approvals roll in and new partnerships emerge, the company’s footprint in the crypto ecosystem is likely to grow.
