- Ripple CEO Brad Garlinghouse expressed confidence in the imminent launch of XRP ETFs, suggesting that their introduction is “inevitable” and expected in six months.
- Garlinghouse attributed the U.S. SEC’s recent openness to crypto spot ETFs, including the approval of Ethereum ETFs.
As the crypto market prepares for the launch of the spot Ethereum ETF, other altcoin players are not shying from proposing the idea of having an ETF. In his recent interview with Fox Business, Ripple CEO Brad Garlinghouse expressed optimism over the imminent launch of XRP ETFs.
Previously, Garlinghouse had predicted that the community could see the launch of XRP ETF by 2025 but recently noted that “an XRP ETF is simply inevitable”.
#Ripple CEO Brad Garlinghouse believes that the #XRP ETF will arrive in 2025, just 6 months away!
Make sure your bags are packed! 🚀🚀🚀 pic.twitter.com/RxAogzUgAL
— Collin Brown (@CollinBrownXRP) June 5, 2024
Furthermore, he highlighted the burgeoning interest in crypto ETFs, citing the rapid ascent of U.S. Bitcoin spot ETFs to multi-billion dollar valuations within two months—an achievement that took comparable investments in gold years to accomplish.
US Has Growing Appetite for Crypto ETFs
Garlinghouse also commented on the U.S. SEC’s newfound receptiveness to crypto spot ETFs, particularly in light of the recent approvals for Ethereum ETFs. He attributed this shift to the regulator’s past legal defeats and obstacles.
Emphasizing the necessity of diversifying the market with more commodities to offer investors greater opportunities, Garlinghouse stated, “It only makes sense.” He argued that investors seek exposure to a variety of commodities, suggesting that XRP ETFs could emerge as strong contenders in the market.
In a recent statement, Garlinghouse hinted at the imminent launch of XRP, Solana, and Cardano ETFs, suggesting that their introduction is inevitable and merely a matter of time. “I think it’s just a matter of time, and it’s inevitable that there’s gonna be an XRP ETF, there’s gonna be a Solana ETF, there’s gonna be a Cardano ETF, and that’s great,” he added.
Overcoming Regulatory Challenges
Meanwhile, FOX correspondent Liz Claman raised the possibility of the SEC showing particular resistance to an XRP ETF, considering its contentious history with Ripple.
In response, the Ripple CEO asserted that the SEC would struggle to justify such resistance. He highlighted XRP’s potential by recalling its previous position just behind Bitcoin in market rankings, reinforcing the case for an XRP ETF as investors seek diversification options.
Ripple CEO Brad Garlinghouse expressed strong confidence in the cryptocurrency sector’s potential impact on the upcoming U.S. elections, anticipating a favorable outcome, reported Crypto News Flash. His optimism stems from the rise of “crypto voters,” a new demographic he believes will be pivotal in this year’s elections. Garlinghouse stated, “For the first time in U.S. history, crypto voters will be a significant force in this year’s elections.”
On the other hand, the Ripple CEO also stated that they would be planning to do an IPO outside the U.S. if the SEC chair Gary Gensler continues leading the agency, reported Crypto News Flash.
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