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Ripple CEO Brad Garlinghouse has expressed optimism that XRP exchange-traded funds (ETFs) could launch in the U.S. by the second half of 2025. In a recent interview on March 19, Garlinghouse highlighted Ripple’s legal victory against the Securities and Exchange Commission (SEC) as a pivotal moment that could open doors for XRP-based ETFs.

Ripple’s Legal Win and Its Impact

Garlinghouse emphasized the strong demand for XRP-focused investment products, particularly in regions outside the U.S., where these products are already seeing steady inflows. This comes at a time when many other cryptocurrency funds are struggling to attract investors. He noted that the SEC’s decision to drop its case against Ripple has significantly reduced regulatory pressure on XRP.

“There’s huge demand for these ETFs. I think there’s 11 different filings pending with the SEC to launch XRP ETFs. I think those will be live in the second half of this year.” — Brad Garlinghouse, Ripple CEO

According to Garlinghouse, institutions now have greater trust in XRP’s legal standing following the resolution of the SEC case. He also hinted that XRP could potentially play a role in the development of a U.S. government digital asset reserve.

Pending ETF Applications

Currently, at least ten applications for XRP ETFs are awaiting approval from the SEC. These include proposals for spot, leveraged, and inverse ETFs. Franklin Templeton, a prominent asset management firm, recently submitted an application, joining the growing list of firms seeking to launch XRP ETFs.

The improved relationship between Ripple and regulators, coupled with the SEC’s evolving stance on cryptocurrencies, may expedite the approval process for these ETFs. The general market sentiment also aligns with Garlinghouse’s optimism, as predictions for an XRP ETF approval by 2025 have risen to 84%, based on data from crypto prediction platforms.

Institutional Accumulation of XRP

Large investors, often referred to as “whales,” are continuing to accumulate XRP, further signaling confidence in its future. Blockchain analytics firm Santiment revealed that wallets holding at least one million XRP have increased their holdings by 6.5% over the past two months, reaching a total of 46.4 billion XRP, valued at approximately $114 billion.

Additionally, XRP network activity has surged, with six times more unique wallet interactions recorded in March compared to previous months. This heightened activity reflects growing investor interest and adoption.

XRP Price Movement

Following Ripple’s March 19 regulatory victory, the price of XRP experienced a notable increase, climbing over 10% to reach a high of $2.57. Although the price has since stabilized at $2.45, it remains up 6% in the last 24 hours. While the market’s next move remains uncertain, rising investor confidence and whale accumulation suggest further growth potential for XRP.

Key Takeaways for Investors

  • Ripple’s legal win against the SEC has boosted trust in XRP’s legal standing.
  • Strong demand for XRP ETFs could lead to their approval by the SEC as early as 2025.
  • Institutional investors are increasingly accumulating XRP, signaling confidence in its long-term value.
  • Recent price movements and network activity highlight growing adoption and interest in XRP.

As the cryptocurrency market evolves, XRP continues to attract attention from investors and institutions alike. Understanding the implications of regulatory developments and market trends will be crucial for those looking to capitalize on XRP’s potential.

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