Ripple CLO breaks silence on cryptocurrency ETFs, praising its important progress

Ripple chief legal officer Stuart Alderoty praised the Securities and Exchange Commission’s approval of the new rules to simplify listing of cryptocurrency ETFs on major exchanges such as the Nasdaq and the New York Stock Exchange, which allows for standardized filing rather than separate approvals. He stressed that after the launch of the first XRP spot ETF in the United States, this move has brought regulatory clarity and mainstream access. The first-day trading volume of the Rex XRP ETF reached $37.7 million, surpassing other listed ETFs in 2025, while Grayscale's basket ETF containing XRP was also approved by the SEC under the new standards.