The ETF on XRP: the forecasts of the CEO of Ripple

Currently on the USA stock exchanges, only the spot Bitcoin ETFs are listed. However, those on Ethereum have also already been approved, which should be listed between the end of June and the beginning of July.

The CEO of Ripple Labs, Brad Garlinghouse, has made positive predictions regarding spot XRP ETFs.

Speaking at Fox Business Tuesday, he stated that he believes it is inevitable that a spot XRP ETF will eventually be approved in the USA, but he also said that it will be necessary to wait at least until 2025.

The ETF on XRP: the forecasts of the CEO of Ripple

Currently on the USA stock exchanges, only the spot Bitcoin ETFs are listed.

However, those on Ethereum have also already been approved, which should be listed between the end of June and the beginning of July.

At the current state, there is no news of other crypto spot ETFs in the process of approval, but if those on ETH were to achieve good success, it seems inevitable that someone would decide to launch others on some altcoin.

To tell the truth, the cryptocurrency that seems to be in pole position to follow ETH on this path is SOL from Solana, but if the approval process for those on Bitcoin has already been troubled, it might not be a walk in the park to complete it for the altcoins.

The fact, however, that the SEC this time opted for a first-time approval of the spot Ethereum ETFs is a good sign for altcoins as well, in this sense.

Besides Solana, there are also other altcoins that could end up benefiting from this type of derivative products on traditional exchanges.

Some, however, like BNB or TON, might have a few more problems due to the legal issues they had in the past with the US authorities from the companies behind them, namely Binance and Telegram.

Dogecoin and Shiba Inu seem unlikely to have a spot ETF on traditional exchanges, and as for Cardano’s ADA, the trading volumes are definitely too low to think that anyone would bother to create and manage an ETF. A similar argument applies to Avalanche’s AVAX.

Remains XRP, which despite having daily trading volumes equal to about half of those of SOL, has at least the advantage of having been declared by a court a commodity in fact when traded on secondary markets, such as exchanges or stock exchanges.

So after SOL, in fact, XRP could be the main suspect to have a spot ETF on the US exchanges.