Ripple’s CEO, Brad Garlinghouse, anticipates a “wave of XRP ETF approvals” in 2025 and also sees XRP as part of the Donald Trump administration’s proposed digital asset stockpile.
Garlinghouse’s optimism came after the favorable resolution of Ripple’s protracted legal brawl with the U.S. Securities and Exchange Commission (SEC), which concluded with the securities watchdog wrapping up its case against the blockchain firm last week.
XRP In Line For ETFs In Second Half Of 2025
Several XRP exchange-traded funds (ETFs) will go live in the second half of this year, said Ripple CEO Brad Garlinghouse in a March 19 interview with Bloomberg Crypto.
“I have immense confidence in the ETFs,” Garlinghouse posited when asked about his confidence in XRP’s prospects.
As of March 20, roughly 10 companies had filed for spot XRP ETF vehicles in the US, including major issuers such as Bitwise, Grayscale, ProShares, and 21Shares, among others. American asset manager Franklin Templeton became the latest to join the XRP ETF race. Despite the increasing XRP ETF filing frenzy, BlackRock — the largest spot Bitcoin ETF issuer — has yet to submit paperwork for its own XRP-based investment vehicle.
“I think those will be live in the second half of this year,” Garlinghouse predicted.
The Ripple boss noted that XRP exchange-traded products outside the United States are already seeing inflows while other crypto-based ETPs bleed investor cash.
“I think that’s because you had this false negative pressure from the SEC, this kind of an exogenous hand holding things down that’s now being released,” he explained.
The SEC’s dismissal of its years-long lawsuit against Ripple, ending over four years of legal action against the company for an alleged $1.3 billion unregistered securities offering, sparked a notable market reaction.
In the immediate aftermath, the price of XRP surged by double digits to peak at $2.57, according to CoinGecko data. XRP also briefly overtook USDT to become the third-biggest crypto by market cap, behind only Bitcoin (BTC) and Ethereum (ETH).
XRP Inclusion In U.S. Digital Asset Stockpile
Discussing President Donald Trump’s planned crypto stockpile, Garlinghouse dismissed speculation of the exclusion of XRP, voicing confidence in the token’s inclusion:
“XRP was named by the President of Truth Social. (He said) there’s gonna be a Bitcoin strategic reserve and a crypto stockpile that will include things like XRP.
The CEO of Ripple told Bloomberg’s Sonali Basak that seized digital assets, including XRP, would create a crypto stockpile separate from the strategic Bitcoin reserve.
The president’s executive order signed in early March explicitly indicates that the government would not purchase additional assets for the stockpile beyond those obtained through criminal seizures.
