Ripple President Monica Long has stated that an XRP spot exchange-traded fund (ETF) is likely to be approved “very soon,” and is expected to be next in line after the recently approved Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) ETFs.
Long’s comments suggest a significant shift in the regulatory landscape, potentially opening up (CRYPTO: XRP) to a broader investor base.
What Happened: In a Bloomberg interview on Wednesday, Long suggested an XRP ETF is not just a possibility, but a likely near-term development.
“I think we will see one very soon,” she said.
She further clarified that, “I think that we will see more various crypto spot ETFs this year coming out of the US. I think XRP is likely to be …
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