Ripple CEO Brad Garlinghouse expects XRP exchange-traded funds to launch in the U.S. by the second half of 2025.
In an Mar. 19 interview with Bloomberg Crypto, he expressed strong confidence in the approvals, citing Ripple’s (XRP) legal win against the Securities and Exchange Commission as a key turning point.
“There’s huge demand for these ETFs,” Garlinghouse said, noting that XRP-based investment products outside the U.S. are already seeing steady inflows while other crypto funds struggle. Following the SEC’s decision to drop its case against Ripple on Mar. 19, he believes that previous regulatory pressure on XRP has eased.
Institutions now have greater trust in XRP’s legal standing as a result of this resolution, according to Garlinghouse. He also hinted that XRP could play a role in a U.S. government digital asset reserve.
“I have immense confidence in the 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
At least ten applications for XRP ETFs are awaiting SEC approval, including proposals for spot, leveraged, and inverse ETFs. Franklin Templeton, a major asset manager, recently joined the list of applicants. Improved ties between Ripple and regulators, as well as the SEC’s shifting stance on cryptocurrencies, may speed up the process.
The general market has also shown confidence in the launch of XRP ETFs. After the SEC dismissed the case, the odds of an XRP ETF being approved in 2025 increased to 84% on the crypto prediction website Polymarket.
Meanwhile, large investors continue to accumulate XRP. According to Santiment data, wallets with at least one million XRP have grown their holdings by 6.5% in the last two months to a total of 46.4 billion XRP, around $114 billion. With six times as many unique wallet interactions in March, network activity has also increased.
Following the Mar. 19 regulatory victory, the price of XRP rose more than 10% to a high of $2.57, but it has since leveled off at $2.45, up 6% in the last 24 hours. The market’s next move is still uncertain, but XRP’s growing popularity and whale accumulation point to rising investor confidence.
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