XRP ETF will soon become a reality and, according to Ripple, would be “Very meaningful”
Ripple President Monica Long has confirmed that an XRP exchange-traded fund (ETF) is only a matter of time, not an “if.” This message Long recently shared with CNBC reporters. She emphasized that only XRP and Bitcoin have clarity about their legal status in the US and that XRP is also one of the top 10 assets by market capitalization. Let’s look at the benefits of an XRP ETF.
Brad Garlinghouse: “Spot XRP ETF inevitable”
CEO Brad Garlinghouse added that approving spot ETFs would benefit investors who prefer portfolio diversification. He also expressed optimism about the potential success of upcoming Ethereum ETFs.
Ripple enters the stable coin market
Ripple is also venturing into the stablecoin market, with Long predicting this will happen by the end of 2024. She emphasized that XRP would remain relevant even after the launch of the stablecoin, serving as a bridge asset.
Ripple is betting on real-world asset tokenization and stablecoins
During Money 20/20 Europe 2024 in Amsterdam, Monica Long provided insight into the company’s recent initiatives. She discussed the increasing interest in tokenization of real-world assets (RWA) from market participants and highlighted the company’s new foray into the stablecoin market.
