Ripple President Monica Long said in a Jan. 7. Bloomberg News interview that an XRP exchange-traded fund (ETF) is likely next in line after Bitcoin and Ethereum's ETFs.
Long said that several companies have filed for an XRP ETF with the Securities and Exchange Commission (SEC) and that Ripple expects the approvals of the filings to accelerate due to the incoming administration change.
Canary Capital, Bitwise, 21Shares, and WisdomTree are some firms that recently filed XRP ETF applications.
Ripple’s price is up 1.4% since the Jan. 7. Bloomberg interview.
Long also said that Ripple’s stablecoin, RLUSD, will soon be listed on major exchanges. RLUSD is currently listed on Bitso, Moonpay, and CoinMina, with additional listings expected on Bullish, Mercado Bitcoin, B2C2, Keyrock, Archax, Independent Reserve, and JST Digitial.
“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 said.
Speaking about the growth and adoption of RLUSD, Long said this year will be a big year for crypto; the demand for stablecoins will also increase, and Ripple expects a strong growth trajectory for their payments solution and RLUSD with it.