- Ripple President Monica Long has joined the chorus arguing for XRP ETFs.
- Long compared XRP’s legal standing in the U.S. with Bitcoin.
- Despite Long’s views, experts believe an XRP ETF may still be some time away.
ETFs have been the dominant narrative in the crypto space in 2024 as crypto asset holders fantasize about the price implications if trillions in institutional capital were to bid for their favorite coins.
Following the SEC’s recent decisions to greenlight Bitcoin and Ethereum ETF applications, proponents of several other crypto projects, including the XRP community, are beginning to call for their own ETFs.
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Fueling these clamors, Ripple President Monica Long has made a case for XRP ETFs in a recent interview.
Ripple’s Long Makes a Case for XRP ETFs
Ripple President Monica Long has joined the chorus arguing for XRP ETFs. “I think it would be very sensible for someone to launch an XRP ETF,” Long asserted in a recent interview that has made the rounds on crypto Twitter.
During the interview, Long highlighted several factors that favored the launch of XRP ETFs, including the asset’s impressive longevity and high volumes on leading exchanges.
"XRP has been trading within the top 10 for how long? Maybe its entire life. And on the top exchanges like Coinbase and Kraken, it's certainly in the top five of daily volume," she noted.
In addition to these factors, Long argued that XRP and Bitcoin were the only crypto assets with regulatory clarity in the U.S., citing the July 2023 court ruling in the SEC case against Ripple that XRP is not a security.
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Long’s statements echo Ripple CEO Brad Garlinghouse, who argued earlier in the month that XRP ETFs are “inevitable.” Despite the confidence of these Ripple executives, several experts suggest that more altcoin ETFs may still be years away.
Wen XRP ETF?
As highlighted by experts like ETF Store President Nate Geraci and Senior Bloomberg Analyst James Seyffart, before ETFs tied to altcoins like XRP and Solana can be launched, several steps have to be completed, which could take several years. These steps include the approval and launch of a CFTC-regulated futures market for the assets.
With these considerations in mind, Geraci has set an XRP ETF launch timeline for no sooner than 2025. Conversely, Seyffart has set a more conservative timeline for 2026.
On the Flipside
- Beyond community speculation, there is no clear indication that asset managers are interested in launching XRP ETFs.
- Expert views suggest that if an XRP ETF were to launch, it may still be years away.
Why This Matters
ETFs have been tipped to bring trillions in institutional capital into the crypto markets. If an XRP ETF were to launch with significant demand, it could significantly bolster the asset’s price.
Read this for more on the calls for an XRP ETF:
Why an XRP ETF Is an “Inevitable” Step for the Crypto Market
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