Ripple CEO Brad Garlinghouse has forecasted that XRP exchange-traded funds (ETFs) will likely launch in the United States in the latter half of 2025.
In a March 19 interview with Bloomberg Crypto, he attributed this optimism to Ripple’s recent legal victory against the SEC, which he believes has alleviated regulatory hurdles for XRP. Garlinghouse emphasized the substantial demand for XRP-based ETFs, noting that similar products outside the U.S. are already attracting consistent investments, even amid challenges other crypto funds face. The SEC’s decision to drop its case against Ripple has further bolstered confidence in XRP’s legal status, paving the way for potential ETF approvals.
Garlinghouse described the lawsuit as a failed attempt by the SEC to regulate the crypto industry through enforcement, calling it “doomed from the start.” He argued that the case was part of a broader government effort to “pick winners” within the crypto space. He said Ripple’s legal battle set a crucial precedent that could lead to more explicit regulatory guidelines.
He indicated that XRP might be involved in a potential U.S. government digital asset reserve. This aligns with his earlier response to allegations by Pierre Rochard about Ripple’s lobbying against the Strategic Bitcoin Reserve initiative. He countered that Ripple’s efforts could enhance the chances of establishing such a reserve.
Expressing his confidence in the imminent approval of XRP ETFs, Garlinghouse stated in the interview,
“I have immense confidence in the ETFs. I think there are 11 different filings pending with the SEC to launch XRP ETFs. I believe those will be live in the second half of this year.”
Meanwhile, Large investors are increasing their XRP holdings, with wallets containing at least one million XRP growing by 6.5% over the past two months, totalling 46.4 billion XRP worth around 114 billion. Additionally, network activity has significantly increased, with unique wallet interactions hitting six times the usual volume in March.
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