Ripple President Says 2025 Will Be a Big Year for Crypto, Predicts More Spot ETFs Will Be Launched – Here’s Why
Ripple president Monica Long thinks additional crypto exchange-traded fund (ETF) approvals will usher in another big year for digital assets in 2025.
Long predicts in a new interview with Bloomberg Crypto that “various crypto spot ETFs” will receive a seal of approval in the US this year.
The Ripple president also says payments-focused altcoin XRP is “likely to be the next in line” in terms of ETF approvals.
Multiple ETF providers filed Form S-1 registration statements for XRP ETFs with the Securities and Exchange Commission (SEC) last year, including Bitwise Asset Management , 21Shares , Canary Capital and WisdomTree .
The SEC greenlit the first spot market Bitcoin ( BTC ) ETFs last January, bringing in billions of dollars worth of inflows to the top digital asset by market cap. The regulator subsequently approved Ethereum ( ETH ) ETFs for trading in July.
Long predicts the approvals on those newer XRP filings will accelerate due to President-elect Donald Trump’s election victory and the upcoming change of leadership at the SEC.
XRP is trading at $2.36 at time of writing, a marginal increase in the last 24 hours.
The Ripple president also forecasts big things for the stablecoin market.
“The stablecoin market today is you know more than $150 billion for US dollar stablecoins, and it’s projected to grow to $3+ trillion over the next few years, so this is a market that is exploding.”
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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