Will XRP ETFs Launch After Gensler Release? A pro-XRP advocate gives a timeline

A few weeks ago, Ripple Labs CEO Brad Garlinghouse made headlines by suggesting that the company's XRP cryptocurrency would be offered in an exchange-traded fund (ETF). This bold claim gained more attention after the US presidential election, when pro-crypto candidate Donald Trump won, sparking more speculation about the future of XRP and the launch of ETFs.

However, according to XRP advocate Jeremy Hogan, there are still significant hurdles ahead. In Bitwise's October filing with the SEC for the XRP ETF, the company pointed out that the biggest threat to ETF buyers is… the SEC itself. This suggests that regulatory uncertainty remains a key challenge, with the SEC's stance on XRP still unresolved. Hogan believes that this section of the application may soon need to be updated to reflect evolving circumstances.

After the adoption of the Ethereum ETF, the price of Ether increased. Many believe the XRP ETF could follow, and some say it's inevitable. We may not know the exact timeline, but it looks like it could happen for other crypto ETFs, including one for XRP.

According to Hogan, the typical timeline for ETF approval is around 6 to 12 months, which means we could be looking at an XRP ETF launch sometime next summer — assuming everything goes smoothly with ongoing legal appeals and regulatory developments.

Summary:

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, and see positive developments in the legal space, XRP can really take off. Once the SEC charges are behind them, we could see a huge increase in XRP usage and value. Some speculate that the ousting of SEC Chairman Gary Gensler could help bring real potential for a major overhaul.