Oh, what a delightful turn of events! Brad Garlinghouse, the ever-charming CEO of Ripple, has declared that XRP exchange-traded funds (ETFs) will grace the United States by the second half of 2025. 🎉
In a recent interview with Bloomberg Crypto, Garlinghouse, with a twinkle in his eye, expressed an almost theatrical confidence in the SEC’s approval. “After all,” he mused, “our legal victory against the Securities and Exchange Commission was the turning point we needed.”
“There’s a tremendous appetite for these ETFs,” he continued, with a flourish of his hand. “While other crypto funds are floundering, XRP-based investment products are thriving outside the U.S. And now, with the SEC’s decision to drop the case against us, the regulatory clouds have lifted, and the sun is shining on XRP once more.”
“I have immense confidence in the ETFs. I think there are 11 different filings pending with the SEC to launch XRP ETFs. I believe these will be live in the second half of this year.”
— Brad Garlinghouse, Ripple CEO
Indeed, at least ten applications for XRP ETFs are awaiting SEC approval, including a mix of spot, leveraged, and inverse ETFs. The esteemed Franklin Templeton has even thrown its hat into the ring, joining the ranks of eager applicants. Improved relations between Ripple and regulators, coupled with the SEC’s evolving stance on cryptocurrencies, may well expedite the process.
The market, ever the optimist, has shown its faith in the launch of XRP ETFs. After the SEC dismissed the case, the odds of an XRP ETF being approved in 2025 soared to 84% on the crypto prediction platform Polymarket. 📈
Meanwhile, the whales of the crypto sea have been busy accumulating XRP. According to Santiment data, wallets holding at least one million XRP have increased their holdings by 6.5% over the past two months, now totaling a staggering 46.4 billion XRP, or approximately $114 billion. Network activity has surged, with six times as many unique wallet interactions in March alone.
Following the regulatory victory on March 19th, the price of XRP experienced a 10% surge to a high of $2.57, though it has since settled at $2.45, still up 6% in the last 24 hours. The market’s next move remains a mystery, but the growing popularity and whale accumulation suggest that investor confidence in XRP is on the rise. 🐳💰
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2025-03-20 10:05