Cryptocurrency ETF Competition: Ripple President Says XRP Will Be the Next ETF
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Ripple President Monica Long's Prediction on XRP's Future Outlook
In a recent interview with Bloomberg, Ripple President Monica Long made important remarks about the future of XRP and the cryptocurrency market, especially about XRP's potential as the next cryptocurrency to be approved for a U.S. spot ETF.
XRP Could Be the Next Spot ETF Approved Cryptocurrency
Monica Long expects 2025 to be a big year for the cryptocurrency market, with spot ETFs for multiple cryptocurrencies approved during the year. She specifically noted that while the U.S. Securities and Exchange Commission (SEC) has approved ETFs for Bitcoin and Ethereum in the past, Ripple believes that XRP is likely to be the next cryptocurrency to be approved for a spot ETF.
Long revealed that many companies have submitted spot ETF applications for XRP and expects these applications to receive accelerated approval in 2025. This expected change could bring more market recognition and capital inflows to XRP, further boosting its position in the global cryptocurrency market.
The Future of RLUSD Stablecoin
In addition to the prospect of XRP’s spot ETF, Monica Long also highlighted the importance of Ripple’s recently launched stablecoin product, RLUSD. She said that the RLUSD stablecoin will have more listing opportunities in the future, especially on mainstream trading platforms. Since its official launch in December 2024, RLUSD has been listed on multiple trading platforms such as Bullish.
Long predicts that as the market demand for stablecoins increases, RLUSD will further expand its availability, and Ripple plans to make more announcements about the stablecoin in the near future. This move could boost RLUSD’s position in the stablecoin market and bring more market share to Ripple.
Outlook for the Overall Development of Cryptocurrencies in 2025
Monica Long emphasized that 2025 will be a critical period for the overall development of the cryptocurrency market, and she expects that as the market demand for stablecoins and crypto assets increases, Ripple will play an important role in this process. Ripple not only plays an important role in the launch of XRP and stablecoin RLUSD, but also plans to accelerate the launch of more innovative products to meet the growing market demand.
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