Ripple exec: XRP ETF would be a big deal
CryptoNewsTerminal Staff05 Jun, 2024
Ripple exec: XRP ETF would be a big deal
In an interview with CNBC, Ripple executive Monica Long said an XRP ETF "would mean a lot." "If you think about it, XRP and BTC are the only two which have clarity in the U.S.," said Long. "XRP is a top 10 asset by market cap, consistently top five in terms of daily volume. I think it would just mean that there's more institutional interest in the space." An XRP ETF would be a significant development for the cryptocurrency, as it would make it easier for investors to buy and sell XRP. It would also give XRP more legitimacy in the eyes of regulators and financial institutions. The SEC has yet to approve an XRP ETF, but Long is hopeful that it will happen in the future. "I think it's just a matter of time," she said. ```
