Interest in digital assets is on the rise, and the XRP ETF may be just a matter of time

Ripple President Monica Long once again emphasized the potential of a spot exchange-traded fund (ETF) for XRP. In a recent interview with CNBC, Long mentioned that the introduction of an XRP ETF would be a logical step forward

“Given the current regulatory clarity regarding Bitcoin and XRP within the US and the fact that XRP is in the top 10 assets by market capitalization and around the top 5 by daily trading volume, the idea of ​​an XRP ETF makes a lot of senseLong explained.

She expects even more growth in institutional interest in digital assets, noting that savvy investors are already entering the crypto space through Bitcoin ETFs and tokenized assets.

In parallel, Ripple CEO Brad Garlinghouse recently stated that the introduction of spot ETF for XRP is "inevitably,” arguing that such ETFs will benefit investors seeking diversification in their portfolios. In addition to this, he shared his positive outlook on the future acceptance and success of Ethereum ETFs.

Ripple is also making inroads into the stablecoin space, with Long expecting to launch its own stablecoin by the end of 2024.

It also ensures that XRP will continue to have an essential role as a bridging asset even after the launch of the stablecoin.

Long cited predictions that the market capitalization of stablecoins could exceed $3 trillion within the next five years. She highlighted the growing demand for stablecoins, especially because of their convenient access to the US dollar and the facilitation of payments on a global scale.

During the event in Amsterdam - Money 20/20 Europe 2024, Monica Long shared an update on Ripple's new initiatives. She discussed the growing interest in real asset tokenization (RWA) among market participants and outlined Ripple's entry into the stablecoin market.

" It was great to meet Arjun Harpal in beautiful Amsterdam and discuss the ongoing dynamics of Ripple, including the growing interest in RWA tokenization from our custodial clients and our new venture into the stablecoin market" share Long on X.

Ripple is also exploring RWA tokenization on the XRP Ledger (XRPL) through various partnerships. One such collaboration is with Zoniqx, a pioneer in digital asset management, to provide tokenization services on top of XRPL.