Ripple President: XRP ETF Makes “A Lot of Sense”

• Ripple’s Monica Lengthy helps the inevitability of an XRP ETF, citing regulatory readability akin to Bitcoin’s standing within the U.S.
• Lengthy emphasizes XRP’s constant high 10 market cap rating and substantial each day buying and selling quantity as drivers for an ETF launch.
• Ripple expanded its European market presence by way of a partnership with Clear Junction for GBP and EUR payouts.

Ripple President Monica Lengthy has voiced assist for the potential launch of an XRP Change-Traded Fund (ETF), echoing related sentiments from Ripple CEO, Brad Garlinghouse. Lengthy drew parallels between Bitcoin and XRP, highlighting the regulatory readability surrounding XRP within the U.S. as the idea for her endorsement.

Talking to CNBC, Lengthy cited XRP’s constant place as a high 10 crypto asset by market capitalization and its sturdy each day buying and selling quantity, arguing that these elements make an XRP ETF a logical subsequent step for the market.

Garlinghouse beforehand expressed confidence within the inevitability of an XRP ETF, emphasizing investor desire for diversified publicity to a number of cryptocurrencies reasonably than solely investing in a single coin. 

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