ETFs
When will the first XRP ETF be launched?
Following the anticipated launch of Ethereum ETFs, there is a lot of speculation about which digital asset will get an ETF next. Some companies have already submitted their applications for a Solana-based ETF SOL. In addition to SOL, Ripple’s XRP is expected to get its own ETF, and even Ripple executives have weighed in.
Ripple CEO Monica Long shared her thoughts on the future price action and trajectory of XRP in a recent interview. Amidst the hype surrounding ETFs, Long explained that launching an XRP ETF would be a smart move, given XRP’s huge momentum and community support.
Ripple Labs CEO Brad Garlinghouse also recently spoke about the future prospects of Spot XRP ETFs. During an appearance on Fox Business, Garlinghouse doubled down on his optimism about the upcoming arrival of an XRP ETF. He explained how the Spot Ethereum ETF opened the door for future ETFs around other assets like XRP.
As ETF hype grows, when will we see the first XRP ETF launch?
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When will XRP ETFs launch?
Speaking about how the SEC could make it difficult for Ripple to fight for an XRP ETF, Garlinghouse emphatically stated, “An XRP ETF is simply inevitable. In terms of timing, Ripple’s CEO said, “I think we’ll see it in 2025.”
If Solana gets its XRP ETF first, a 2025 timeline could be accurate if XRP follows SOL in the application process. On the other hand, according to a report, a Ripple (XRP) and Cardano (ADA) ETF is unlikely to come to fruition in the near term. GSR has released a new report that includes its ETF Possibility Score, which assesses the likelihood of a cryptocurrency getting its own exchange-traded fund.
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The report notes that higher demand is a better indicator of whether an ETF will exist soon. However, XRP and ADA show demand scores of -0.2 and -0.5, respectively. Again, this puts them at the bottom of the pool.
With the potential launch of the Solana ETF, launching an XRP ETF doesn’t seem like too difficult a dream to achieve. Garlinghouse’s prediction for 2025 is probably the most likely.