Ripple CEO Brad Garlinghouse is optimistic about the launch of an XRP exchange-traded fund (ETF) in the U.S., expecting approvals as early as the second half of 2025. His confidence follows Ripple’s legal victory against the SEC, which has eased regulatory concerns surrounding XRP.
This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.
— Brad Garlinghouse (@bgarlinghouse) March 19, 2025
The future is bright. Let's build. pic.twitter.com/7WsD0C92Cm
XRP ETF: A Turning Point for the Market?
In a March 19 interview with Bloomberg Crypto, Garlinghouse stated that strong demand for XRP ETFs already exists, pointing to consistent inflows into XRP investment products outside the U.S. Meanwhile, other crypto funds have struggled, signaling XRP’s unique appeal in the market.
The dismissal of the SEC’s case against Ripple on March 19 significantly improved XRP’s legal standing, making it a more attractive asset for institutions. Garlinghouse also hinted at the possibility of XRP playing a role in a future U.S. government digital asset reserve, further strengthening its potential as a regulated financial instrument.
“I have immense confidence in the ETFs. I think there are 11 different filings pending with the SEC to launch XRP ETFs, and I believe they will be live in the second half of this year.”
— Brad Garlinghouse, Ripple CEO
At least 10 applications for XRP ETFs are awaiting SEC approval, covering spot, leveraged, and inverse ETFs. Major asset manager Franklin Templeton is among the firms seeking approval, indicating growing institutional confidence in XRP as a tradable financial asset.
This optimism is reflected in market sentiment, with Polymarket betting odds on XRP ETF approval rising to 84% after the SEC’s case dismissal. Analysts now anticipate SEC approval as early as late Q3 or early Q4 of 2025, citing the agency’s evolving stance under new leadership.
Meanwhile, large investors continue to accumulate XRP, signaling confidence in the asset’s long-term growth. According to Santiment data, wallets holding at least one million XRP have increased their holdings by 6.5% in the last two months, now totaling 46.4 billion XRP (approximately $114 billion).
Market Reaction: XRP Price and Trading Volume Surge
Following the regulatory victory on March 19, XRP’s price spiked over 10% to a high of $2.57, before stabilizing at $2.45, marking a 6% gain in the last 24 hours.
Additionally, trading volume has surged by 250%, reaching $10.61 billion, while XRP’s market capitalization climbed to $143.78 billion, solidifying its position as a top digital asset.
While crypto analysts remain bullish on XRP’s future, some speculative predictions suggest extreme price targets. While an $18,000 price target seems unrealistic, it highlights the hype surrounding XRP and its ETF potential.
Elsewhere, Solana’s first U.S. ETF launched this week, setting a precedent for regulatory approvals in the crypto ETF space. This move could accelerate the SEC’s decision-making process on XRP and other digital asset ETFs.
For now, investors are watching closely as the XRP ETF approval process unfolds, with 2025 shaping up to be a critical year for Ripple and its native token.
HODL Team
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