Ripple Chairman Monica Long believes that 2025 will be another big year for digital assets as additional cryptocurrency exchange-traded funds (ETFs) are approved.
In a new interview with Bloomberg Crypto, Long predicted that “a variety of cryptocurrency spot ETFs” will receive approval in the U.S. this year.
The Ripple chairman also said that payments-focused altcoin XRP is “likely to be next in line” in terms of ETF approval.
Several ETF providers, including Bitwise Asset Management, 21Shares, Canary Capital, and WisdomTree, filed Form S-1 registration statements for their XRP ETF with the Securities and Exchange Commission (SEC) last year.
The SEC approved its first spot market, the Bitcoin (BTC) ETF, in January, bringing billions of dollars worth of money into the top digital asset by market capitalization. Regulators then approved trading in the Ethereum (ETH) ETF in July.
Long predicted that President-elect Donald Trump’s election victory and the upcoming SEC leadership change will accelerate approval for new XRP filings.
XRP is trading at $2.36 at the time of writing, a slight increase over the past 24 hours.
Ripple boss also predicts big things for the stablecoin market.
“Today, the stablecoin market is an explosively growing market, with US dollar stablecoins valued at over $150 billion and expected to grow to over $3 trillion over the next few years.”
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