Ripple CEO Monica Long expects the launch of a spot Ripple exchange-traded fund (ETF) soon, noting that the digital currency Ripple will be the next cryptocurrency to be listed on exchange-traded funds after Bitcoin and Ethereum.
Speaking to Bloomberg Crypto this week, Long explained that several crypto exchange-traded funds will be launched from the US this year, and that Ripple will be among the assets that will be available for trading in US markets soon.
Long added that expectations indicate that regulatory policies expected under the administration of US President-elect Donald Trump will accelerate the process of reviewing applications related to trading cryptocurrencies on US exchanges, which will enhance the speed of launching these funds in the market.
On the other hand, Long discussed the remarkable growth of the stablecoin RLUSD, which was launched last month, with its market cap exceeding $72 million, according to CoinGecko data. She confirmed that the stablecoin is currently available on several major platforms such as Bitso, MoonPay, CoinMina, Bullish, Mercado Bitcoin, and B2C2, and that the company is working on listing it on more global exchanges.
Long expressed optimism about the growth prospects of the stablecoin market, expecting the sector to continue to achieve significant growth during the current year. She explained that stablecoins will mainly contribute to facilitating entry and exit from the cryptocurrency market, which will contribute to increasing demand for these currencies.
It is worth noting that several prominent companies such as Bitwise, 21Shares, Canary Capital, and WisdomTree have already filed applications with the US Securities and Exchange Commission to launch Ripple ETFs. Read also:
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