Ripple's President, Monica Long, believes that 2025 will be a big year for cryptocurrency. She thinks we’ll see more approvals for crypto exchange-traded funds (ETFs).
In a recent chat with Bloomberg Crypto, Long mentioned that “various crypto spot ETFs” are likely to get the green light in the U.S. this year.
She also pointed out that XRP, the payment-focused altcoin, is probably “next in line” for ETF approvals. Last year, several ETF providers filed registration statements for XRP ETFs with the SEC. These include Bitwise Asset Management, 21Shares, Canary Capital, and WisdomTree.
In January, the SEC approved the first spot market Bitcoin (BTC) ETFs, which brought in billions of dollars into the leading digital asset. Then, in July, they approved Ethereum (ETH) ETFs for trading.
Long believes that the approval process for the new XRP filings will speed up. This is partly due to the recent election of President-elect Donald Trump and the expected changes in leadership at the SEC.
As for XRP, it’s currently trading at $2.36, showing a slight increase in the last 24 hours.
Long also sees great potential in the stablecoin market. She stated, “The stablecoin market today is more than $150 billion for U.S. dollar stablecoins, and it’s projected to grow to over $3 trillion in the coming years. This market is really exploding.”