The CEO of Ripple, Brad Garlinghouse, believes that XRP is set to play a role in the White House’s proposed digital asset portfolio, and he expects an XRP exchange-traded fund (ETF) to be launched by the end of 2025, as stated in a recent interview with Bloomberg Markets.
Garlinghouse’s positive outlook follows the resolution of Ripple’s protracted legal dispute with the U.S. Securities and Exchange Commission (SEC), which came to a close when the agency decided to drop its case against Ripple on Wednesday.
“XRP was mentioned by the President of Truth Social, who indicated that there would be a strategic reserve for bitcoin and a crypto stockpile that would encompass assets like XRP,” Garlinghouse shared with Bloomberg’s Sonali Basak, referring to a directive established by President Donald Trump’s executive order in early March.
The Ripple CEO anticipates a “surge of XRP ETF approvals” in the latter half of 2025, highlighting that there are over ten applications currently awaiting SEC review from companies such as Bitwise and Franklin Templeton.
“I have great confidence in the ETFs,” he remarked, pointing out the success of XRP exchange-traded products (ETPs) outside the United States. Additionally, a Ripple Labs initial public offering (IPO) could be on the horizon, though he noted, “It’s a possibility; however, it isn’t a key focus right now.”
In the past 24 hours, XRP has surged by 11%, surpassing $2.51, leading the market’s upward trajectory. It has overtaken USDT, now ranking as the third-largest token by market cap, trailing behind bitcoin and ether (ETH) as of Thursday morning in Asia.