XRP ETF Could Be the Next Biggest Thing for Crypto in the U.S.

Ripple President Monica Long stated in a Bloomberg interview on Tuesday that an XRP exchange-traded fund (ETF) may soon materialize as advantageous U.S. crypto legislation could strongly benefit domestic companies.

After Bitcoin and ether ETFs, an XRP ETF could be on the cards with a crypto-friendly Trump administration on the horizon.

XRP ETF to Be the Next Big Thing for US Crypto?

Ripple President Monica Long said in a Bloomberg interview on Tuesday that a XRP exchange-traded fund (ETF) could be coming soon as favorable U.S. crypto legislation may largely benefit domestic companies.

“I think that we will see more spot ETFs this year coming out of the U.S., and I think XRP is likely to be next in line after bitcoin and ether,” said Long. “We think, especially with the administration change, the approvals of those filings will accelerate.”

Moreover, Long said that Ripple’s new RLUSD stablecoin will become available on more exchanges and the company expects it to play a key role in its money and payments operations.

RLUSD is governed by the New York Department of Financial Services, and its stringent framework ensures that the stablecoin adheres to strict financial regulations. To enhance utility across blockchains, RLUSD recently integrated the Chainlink standard to facilitate its integration into decentralized finance (DeFi) protocols.

Several asset management firms, including Bitwise, Canary Capital, WisdomTree, and 21Shares, have filed separately for XRP ETF offerings, but a decision on those filings has yet to be made.