Expectations for the launch of a Ripple exchange-traded fund soon!

Monica Long, the CEO of Ripple, anticipates the launch of the Ripple Spot Trading Fund in the near future, indicating that the Ripple cryptocurrency will be the next digital asset to be listed in exchange-traded funds following Bitcoin and Ethereum.

In her conversation with Bloomberg Crypto this week, Long explained that several crypto trading funds will be launched from the United States during this year, and that Ripple will be among the assets available for trading in American markets soon.

Long added that the expectations indicate that the anticipated regulatory policies under the incoming administration of President-elect Donald Trump could accelerate the review process for cryptocurrency trading applications in U.S. exchanges, which would enhance the speed of launching these funds in the market.

On another note, Long discussed the remarkable growth of the stablecoin RLUSD, which was launched last month and has surpassed a market capitalization of $72 million, according to CoinGecko data. She confirmed that the stablecoin is currently available on several major platforms such as Bitso, MoonPay, CoinMina, Bullish, Mercado Bitcoin, and B2C2, and that the company is working to list it on more global exchanges.

Long expressed optimism regarding the growth prospects of the stablecoin market, predicting that this sector will continue to experience significant growth during the current year. She explained that stablecoins will play a crucial role in facilitating entry and exit operations from the cryptocurrency market, thereby contributing to increased demand for these currencies.

It is worth noting that many prominent companies, such as Bitwise, 21Shares, Canary Capital, and WisdomTree, have already submitted applications to the U.S. Securities and Exchange Commission to launch Ripple trading funds.

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