Ripple's CEO Brad Garlinghouse has expressed confidence that XRP-based ETFs could be launched in the US by late 2025. This statement is based on the company's recent legal victory over the United States Securities and Exchange Commission (SEC).
Ripple's Legal Victory Against SEC
Garlinghouse stated that Ripple's victory over the SEC removes significant regulatory hurdles for XRP. He emphasized that the SEC’s decision to drop its case against Ripple has bolstered confidence in the cryptocurrency's legal status, paving the way for potential ETF approvals.
Features and Prospects of XRP ETFs
Garlinghouse believes there is substantial demand for XRP ETFs, especially considering successful examples outside the US. In an interview, he expressed confidence that the current filings for such funds will receive approval within the next half-year.
Increasing Investments in XRP
Large investors have increased their holdings in XRP, which is reflected in a 6.5% growth of wallets containing at least one million XRP over the past two months. This has resulted from heightened network activity, which in March reached six times the usual volume.
The outcome of Ripple's case against the SEC and the anticipation of XRP ETF launches in the US signify significant changes in the cryptocurrency industry. Investors continue to show interest in XRP, which could greatly impact the markets in the coming years.
