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Mar 20, 2025, 4:15 a.m. UTC
- Ripple CEO Brad Garlinghouse anticipates the launch of an XRP exchange-traded fund (ETF) by the end of 2025, following the resolution of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC).
- XRP, closely related to Ripple, is expected to be part of the White House’s proposed digital asset stockpile, as per an initiative formalized by President Donald Trump’s executive order.
- XRP has recently climbed 11% to over $2.51, becoming the third-largest token by market capitalization behind bitcoin and ether (ETH).
Ripple CEO Brad Garlinghouse sees closely related XRP as part of the White House’s proposed digital asset stockpile and anticipates the launch of an XRP exchange-traded fund (ETF) before the end of 2025, per a Bloomberg Markets interview.
STORY CONTINUES BELOW
Garlinghouse’s optimism came after the resolution of Ripple’s long-standing legal battle with the U.S. Securities and Exchange Commission (SEC), which concluded with the agency dropping its case against the company on Wednesday.
“XRP was named by the President of Truth Social. (He said) there’s gonna be a bitcoin strategic reserve and a crypto stockpile that will include things like XRP,” Garlinghouse told Bloomberg’s Sonali Basak, referring to the initiative formalized by President Donald Trump’s executive order in early March.
The Ripple CEO also foresaw a “wave of XRP ETF approvals” in the second half of 2025, noting a growing list of over ten applications pending with the SEC from firms like Bitwise and Franklin Templeton.
“I have immense confidence in the ETFs,” he said, pointing to the success of XRP exchange-traded products (ETPs) outside the U.S. Meanwhile, a Ripple Labs IPO isn’t out of question either. “Something is possible; it isn’t a huge priority,” he said.
XRP has climbed 11% to over $2.51 in the past 24 hours, leading gains in the broader market. It has flipped USDT to become the third-largest token by market capitalization behind bitcoin and ether (ETH) as of Asian morning hours Thursday.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
