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A few weeks ago, Ripple Labs CEO Brad Garlinghouse made headlines by stating that it’s “inevitable” that the company’s $XRP cryptocurrency will eventually be offered through an exchange-traded fund (ETF). This bold claim gained further attention after the U.S. presidential election, which saw pro-crypto candidate Donald Trump win, sparking more speculation about the future of $XRP and its potential ETF launch.
However, according to pro-$XRP lawyer Jeremy Hogan, there are still significant hurdles ahead. In Bitwise’s October filing with the SEC for an $XRP ETF, the company pointed out that the biggest risk to buyers of the ETF is… the SEC itself. This suggests that regulatory uncertainty remains a key challenge, with the SEC’s stance on $XRP still unresolved. Hogan believes this section of the filing may need to be amended soon to reflect evolving circumstances.
In the October Bitwise $XRP ETF filing with the SEC, Bitwise states that the biggest risk factor to buyer's of the ETF would be…the SEC itself.
— Jeremy Hogan (@attorneyjeremy1) November 18, 2024
That part of the S-1 might have to be amended fairly soon. pic.twitter.com/UcY7TQjGmJ
After the approval of the Ethereum ETF, the price of Ether soared. Many believe an $XRP ETF could follow, and some say it’s inevitable. We might not know the exact timeline, but other crypto ETFs, including one for $XRP, seem likely to happen.
According to Hogan, the typical timeline for an ETF approval is around 6 to 12 months, which means we could be looking at a potential $XRP ETF launch sometime next summer—assuming everything goes smoothly with ongoing legal appeals and regulatory developments.
Conclusion:
The ongoing legal battle with the SEC has made it difficult for Ripple to operate at its full potential. If we look ahead a year, though, and if we see positive developments in the legal space, $XRP could really take off. Once the SEC lawsuit is behind them, we could witness a huge surge in $XRP’s use and value. Some speculators even think that big changes like SEC Chairman Gary Gensler stepping down could help reveal it’s true potential.