What to know:
- Ripple CEO Brad Garlinghouse expects an XRP exchange-traded fund (ETF) to launch by the end of 2025 after resolving legal issues with the U.S. SEC.
- XRP is expected to be included in the White House’s proposed digital asset reserve following President Donald Trump’s executive order.
- Recently, XRP has seen an increase of 11%, surpassing $2.51, making it the third-largest cryptocurrency by market cap after Bitcoin and Ethereum (ETH).
Ripple CEO Brad Garlinghouse considers XRP part of the White House’s proposed digital asset reserve and anticipates the launch of an XRP ETF by the end of 2025, based on an interview with Bloomberg Markets. He expressed optimism after Ripple’s recent success in its legal battle with the U.S. SEC, which concluded with the agency dropping its case.
“XRP was mentioned in an initiative formalized by President Donald Trump. He said, ’there’s going to be a bitcoin strategic reserve and a crypto stockpile that will include things like XRP,’” Garlinghouse stated in the interview.
He also foresees a ‘wave of XRP ETF approvals’ expected in late 2025, mentioning over ten applications currently with the SEC from firms such as Bitwise and Franklin Templeton. “I have immense confidence in the ETFs,” he noted, highlighting the success of XRP-based products outside the U.S.
The concept of a Ripple Labs IPO remains a possibility. “Something is possible; it isn’t a massive priority,” he remarked.
XRP has recently jumped 11% to over $2.51, leading broader market gains and becoming the third-largest token by market capitalization behind Bitcoin (BTC) and Ethereum (ETH) as of Thursday morning in Asia.
