XRP ETFs Set to Launch in the US

Multiple XRP ETFs are expected to debut in the US in the latter half of this year, as stated by Ripple CEO Brad Garlinghouse in a recent interview with Bloomberg Crypto. This follows the SEC’s resolution of its long-standing legal battle with Ripple.

> “I have immense confidence on the ETF,” remarked Garlinghouse, when questioned about XRP’s future and its potential inclusion in a government initiative, as well as the likelihood of approval for an XRP ETF.

Various XRP ETF applications, including spot, leveraged, and inverse strategies, are currently under SEC review. Among the issuers, Franklin Templeton stands out as one of the largest asset managers and has recently entered the fray.

> “I think those will be live in the second half of this year,” Garlinghouse suggested.

Garlinghouse pointed out that XRP-based ETPs outside the US are already drawing inflows, while other crypto ETFs are seeing outflows.

> “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 positive outcome of the SEC vs. Ripple case led to a significant market response on Wednesday. On Polymarket, the probability of an XRP ETF being approved by 2025 jumped to 86%, and XRP’s price surged by 14%, hitting a peak of $2.57 soon after, according to CoinGecko.

Discussing the US government’s approach to a planned crypto stockpile, Garlinghouse clarified that seized digital assets, including XRP, would be included alongside a Bitcoin reserve.

> “My understanding is that the stockpile will be represented by seized other cryptos other than Bitcoin that then will be in that stockpile,” he noted.

> “So to the extent that various law enforcement agencies have seized cryptos, which would include XRP, those would go into the stockpile in addition to the Bitcoin strategic reserve,” he added.

Per an executive order signed by President Trump on March 6, all executive agencies are required to report their digital asset holdings to the Secretary of the Treasury and the President’s Working Group on Digital Asset Markets. The order also mandates an audit of the government’s seized crypto assets, a process that has not been fully completed before this.

The order specifies that assets in the US Digital Asset Stockpile may be sold under certain conditions, notably under the lawful authority of the Secretary of the Treasury.

Trump previously indicated that Ethereum, XRP, Solana, and Cardano would be part of the national crypto stockpile, but later, David Sacks, the White House’s AI and crypto czar, clarified that these assets were mentioned due to their substantial market capitalizations.