There is a lot of speculation surrounding the next digital asset to receive an exchange-traded fund (ETF). Some companies have sent in their ETF applications based on Solana SOL. Ripple XRP may also get an ETF. Ripple executives have even chimed-in with their thoughts.
Monica Long, the president of Ripple in a recent video interview, discussed her views on XRP’s price trajectory and future path. Long explained that launching an XRP ETF, in the midst of ETF buzz, would make sense, due to XRP’s massive momentum and strong community support.
Brad Garlinghouse of Ripple Labs also discussed the future outlooks for Spot ETFs in a recent interview. Garlinghouse reaffirmed his confidence in an XRP exchange traded fund (ETF) during a Fox Business segment. He spoke about the Spot Ethereum ETF and how it opened up the possibility of future ETFs based around other assets, such as XRP.
When will the first XRP-based ETF be launched?
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When Will the XRP-based ETFs be Launched?
Garlinghouse was emphatic in his remarks about how the SEC could make it difficult for Ripple to fight for an XRP-based ETF. “An XRP ETF is just simply inevitable.” The CEO of Ripple said that he could not give a timeframe. “I think we’re going to see it in 2025.”
If XRP is the first to apply for an XRP ETF, a timeline of 2025 could be correct if SOL follows XRP in its application. A report states that a Ripple ETF (XRP), and a Cardano ETF (ADA), are unlikely to be realized in the short term. GSR recently released its ETF Probability Score which determines the likelihood of a cryptocurrency getting its own exchange traded fund.
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It is noted that greater demand indicates the likelihood of an ETF being released soon. XRP (and ADA) both have demand scores that are -0.2 e -0.5. Once again, they are at the bottom.
Launching the XRP ETF doesn’t seem to be a very difficult task, given that the Solana ETF could launch in the next few months. Garlinghouse’s forecast for 2025 seems to be the most probable.
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Source: watcher.guru
