Ripple president Monica Lengthy thinks extra crypto exchange-traded fund (ETF) approvals will usher in one other huge yr for digital belongings in 2025.
Lengthy predicts in a brand new interview with Bloomberg Crypto that “numerous crypto spot ETFs” will obtain a seal of approval within the US this yr.
The Ripple president additionally says payments-focused altcoin XRP is “prone to be the subsequent in line” when it comes to ETF approvals.
A number of ETF suppliers filed Kind S-1 registration statements for XRP ETFs with the Securities and Change Fee (SEC) final yr, together with Bitwise Asset Management, 21Shares, Canary Capital and WisdomTree.
The SEC greenlit the primary spot market Bitcoin (BTC) ETFs final January, bringing in billions of {dollars} price of inflows to the highest digital asset by market cap. The regulator subsequently approved Ethereum (ETH) ETFs for buying and selling in July.
Lengthy predicts the approvals on these newer XRP filings will speed up because of President-elect Donald Trump’s election victory and the upcoming change of management on the SEC.
XRP is buying and selling at $2.36 at time of writing, a marginal improve within the final 24 hours.
The Ripple president additionally forecasts huge issues for the stablecoin market.
“The stablecoin market at the moment is greater than $150 billion for US greenback stablecoins, and it’s projected to develop to $3+ trillion over the subsequent few years, so it is a market that’s exploding.”
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