Ripple’s CEO, Brad Garlinghouse, predicts that XRP exchange-traded funds will be introduced in the United States by the latter half of 2025.
During a March 19 interview with Bloomberg Crypto, he expressed a strong belief in the forthcoming approvals. He pointed to Ripple’s legal victory over the Securities and Exchange Commission as a pivotal moment for the company.
“There’s enormous demand for these ETFs,” Garlinghouse remarked, highlighting that XRP-based investment offerings outside the U.S. are already witnessing consistent inflows, in contrast to other crypto funds that are facing challenges. Following the SEC’s decision to withdraw its case against Ripple, he feels that the previous regulatory strain on XRP has diminished.
According to Garlinghouse, this resolution has fostered greater institutional trust in XRP’s legal position. He even suggested that XRP might serve a function in a digital asset reserve established by the U.S. government.
“I have immense confidence in the ETFs. I think there are 11 different filings currently pending with the SEC for XRP ETFs. I believe those will go live in the latter half of this year.”
— Brad Garlinghouse, Ripple CEO
There are at least ten applications for XRP ETFs waiting for SEC approval, encompassing proposals for spot, leveraged, and inverse ETFs. Notably, Franklin Templeton, a prominent asset management firm, has recently added its name to the list of applicants. Strengthened relationships between Ripple and regulatory bodies, along with the SEC’s evolving perspective on cryptocurrencies, could expedite the approval process.
The broader market has also shown optimism regarding the potential launch of XRP ETFs. Following the SEC’s dismissal of its case, the likelihood of an XRP ETF receiving approval in 2025 has surged to 84% on the crypto prediction platform Polymarket.
Simultaneously, significant investors continue to accumulate XRP. Data from Santiment indicates that wallets holding at least one million XRP have increased their possessions by 6.5% over the past two months, bringing their total to 46.4 billion XRP, valued at approximately $114 billion. Network activity has also surged, with six times the number of unique wallet interactions recorded in March.
After the March 19 regulatory triumph, XRP’s price jumped by over 10%, reaching a peak of $2.57, though it has since stabilized at $2.45, reflecting a 6% increase within the last 24 hours. While the market’s next moves remain uncertain, the growing interest in XRP and the accumulation by large investors suggest a rise in confidence among stakeholders.