There is much speculation surrounding the launch of Ethereum ETFs and which digital assets will be receiving an ETF. next. Some firms already submitted their application for an ETF based on Solana SOL. Ripple’s XRP, along with SOL is also expected to receive its own ETF. own Even Ripple representatives have chimed in with their opinions.
Monica Long, the president of Ripple in a recent video interview, discussed her views on XRP’s price trajectory and future path. Long explained that launching an XRP ETF, given XRP’s massive momentum, would make sense, especially in the midst of ETF buzz.
Brad Garlinghouse, Ripple’s CEO, also recently spoke about the future of Spot ETFs. Garlinghouse reaffirmed his optimistic view of an XRP exchange-traded fund (ETF) in a Fox Business interview. next. He spoke about the Spot Ethereum ETF and how it opened the doors for other ETFs centered around assets such as XRP.
How soon will XRP launch its first ETF?
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When Will the XRP-based ETFs be Launched?
Garlinghouse was emphatic in his remarks about how the SEC could make it difficult for Ripple to fight for a XRP ETF. “An XRP ETF is just simply inevitable.” Ripple’s CEO has given a rough timeline. “I think we’re going to see it in 2025.”
If XRP is the first to apply for an XRP ETF, a timeline of 2025 could be correct if SOL follows XRP in its application. A report says that a Ripple ETF (XRP), and a Cardano ETF (ADA) are unlikely to be realized in the short term. GSR recently released its ETF Probability Score which determines the likelihood of a particular cryptocurrency to be included in an ETF. own exchange-traded fund.
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According to the report, higher demand can be a good indicator that an ETF will soon launch. XRP, however, and ADA both show scores for demand of -0.2. This again places them near the bottom.
The launch of Solana ETF is imminent nextInitiating an XRP ETF doesn’t seem to be a very difficult task. Garlinghouse’s prediction for 2025 is most likely.
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Source: watcher.guru