According to Foresight News, Ripple CEO Brad Garlinghouse has indicated that an XRP exchange-traded fund (ETF) is expected to be launched by the end of 2025. He noted that over a dozen applications from companies like Bitwise and Franklin Templeton are currently awaiting approval from the U.S. Securities and Exchange Commission (SEC). Garlinghouse also mentioned the potential for Ripple Labs to go public, although he emphasized that it is not an immediate priority.