Following the expected launch of the Ethereum ETF, there is much speculation as to which digital asset will receive the ETF next. Several companies have submitted applications for ETFs based on Solana SOL. Besides SOL, Ripple's XRP is speculated to have its own ETF.
The President of Ripple, Monica Long, in a recent interview shared her thoughts on the future roadmap and price trajectory of XRP. Amid the ETF craze, Long shared that launching an XRP ETF would make sense, given XRP's immense momentum and community support.
Ripple Labs CEO Brad Garlinghouse also spoke about the future prospects of the XRP spot ETF recently. During an appearance on Fox Business, Garlinghouse doubled down on his optimism that an XRP ETF could be on the horizon. He discussed how the Spot Ethereum ETF opens the door for future ETFs around other assets like XRP.
With the growing hype around ETFs, when will we see the first XRP ETF launch?
When will the XRP ETF launch?
Speaking about the SEC potentially making things difficult for Ripple's fight for an XRP ETF, Garlinghouse emphasized: “An XRP ETF is inevitable.” Regarding the timeline, Ripple's CEO said: "I think we will see it by 2025."
If Solana gets the XRP ETF first, the 2025 timeline could be accurate if XRP follows the SOL in the registration process. On the other hand, according to a report, the Ripple (XRP) and Cardano (ADA) ETF is unlikely to materialize in the near future. GSR has released a new report that includes its ETF Likelihood Score, which evaluates the likelihood of a cryptocurrency getting its own exchange-traded fund.
The report notes that higher demand is a better indicator of an ETF going forward. However, both XRP and ADA show demand scores of -0.2 and -0.5, respectively. Again, this puts them at the bottom of the group.
With the launch of the Solana ETF likely next, launching an XRP ETF doesn't seem like such a difficult dream to realize. Most likely, Garlinghouse's 2025 prediction is the most likely.