- Brad Garlinghouse, the CEO of Ripple, expressed his confidence that XRP ETFs will be launched soon. “inevitable” Expected in 6 months.
- Garlinghouse credited the U.S. SEC for its recent openness towards crypto spot ETFs including Ethereum ETFs.
While the Ethereum ETF is preparing to launch, altcoins have not shied away from suggesting an ETF. Brad Garlinghouse, the CEO of Ripple in a recent Fox Business interview expressed his optimism about the launch of XRP-based ETFs.
Garlinghouse predicted in the past that the launch of XRP’s ETF could occur by 2025, but noted recently that “an XRP ETF is simply inevitable”.
#Ripple Brad Garlinghouse, CEO of Brad Garlinghouse Inc. believes that the #XRP ETF arrives in only 6 months!
Pack your bags! 🚀🚀🚀 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 Crypto ETF Interest Growing
Garlinghouse spoke about the U.S. SECs recent receptiveness towards crypto ETFs. This is especially true in light the recent Ethereum ETF approvals. This shift was attributed to past obstacles and legal losses for the SEC.
Garlinghouse emphasized the need to diversify the market by adding more commodities in order to provide investors with greater opportunities. “It only makes sense.” Investors are looking for exposure to commodities of all kinds, he said. XRP-based ETFs may be a strong competitor in this market.
Garlinghouse, in a recent announcement, hinted that XRP ETFs would be launched soon, suggesting their launch is inevitable. “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 also added.
Overcoming the Regulatory Challenges
Liz Claman of FOX, a FOX correspondent, has raised the possibility that, given the SEC’s contentious relationship with Ripple, it may be more resistant to an XRP exchange-traded fund.
Ripple’s CEO responded that such resistance would be hard to justify by the SEC. He then highlighted XRP’s potential, recalling that it was ranked just below Bitcoin on the market ranking. This reinforced his argument for an XRP-based ETF.
Brad Garlinghouse of Ripple expressed confidence about the potential influence the cryptocurrency industry could have on the U.S. presidential elections. He predicted that it would be a good outcome. reported Crypto News Flash. The rise of “crypto voters,” A new demographic, he says, will be crucial in the election this year. Garlinghouse declared, “For the first time in U.S. history, crypto voters will be a significant force in this year’s elections.”
The Ripple CEO stated on the other side that the company would plan to launch an IPO in another country if Gary Gensler, SEC chairman, continues as the head of the agency. reported Crypto News Flash.
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Source: www.crypto-news-flash.com