- Ripple’s Monica Long supports the inevitability of an XRP ETF, citing regulatory clarity akin to Bitcoin’s status in the U.S.
- Long emphasizes XRP’s consistent top 10 market cap ranking and substantial daily trading volume as drivers for an ETF launch.
- Ripple expanded its European market presence through a partnership with Clear Junction for GBP and EUR payouts.
Ripple President Monica Long has voiced support for the potential launch of an XRP Exchange-Traded Fund (ETF), echoing similar sentiments from Ripple CEO, Brad Garlinghouse. Long drew parallels between Bitcoin and XRP, highlighting the regulatory clarity surrounding XRP in the U.S. as the basis for her endorsement.
Speaking to CNBC, Long cited XRP’s consistent position as a top 10 crypto asset by market capitalization and its robust daily trading volume, arguing that these factors make an XRP ETF a logical next step for the market.
Garlinghouse previously expressed confidence in the inevitability of an XRP ETF, emphasizing investor preference for diversified exposure to multiple cryptocurrencies rather than solely investing in a single coin.
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