Ripple CEO Brad Garlinghouse is confident about the upcoming launch of XRP ETFs, stating that it is “inevitable” and expected within six months. He credited the U.S. SEC’s recent openness to crypto spot ETFs, including the approval of Ethereum ETFs.
As the crypto market gears up for the introduction of the Ethereum spot ETF, other altcoin players are also considering the idea of launching their own ETFs. In a recent interview with Fox Business, Garlinghouse expressed optimism about the imminent arrival of XRP ETFs.
Previously, Garlinghouse had predicted that XRP ETFs could be launched by 2025, but he now believes that it is simply a matter of time before they become a reality.
Highlighting the growing interest in crypto ETFs, Garlinghouse pointed out the rapid rise of U.S. Bitcoin spot ETFs to multi-billion dollar valuations within just two months, a feat that took gold investments years to achieve.
Garlinghouse also noted the increasing appetite for crypto ETFs in the U.S., especially with the recent approvals for Ethereum ETFs. He attributed this shift to the SEC’s past legal setbacks and challenges.
Stressing the importance of diversifying the market to provide investors with more opportunities, Garlinghouse emphasized the need for a variety of commodities. He believes that XRP ETFs could become strong contenders in the market.
In a recent statement, Garlinghouse hinted at the imminent launch of XRP, Solana, and Cardano ETFs, stating that it is inevitable and only a matter of time before they are introduced.
Addressing concerns about potential regulatory challenges, Garlinghouse dismissed the idea that the SEC would resist an XRP ETF due to Ripple’s history with the regulator. He highlighted XRP’s potential and market ranking, making a case for the need for diversification options for investors.
Garlinghouse also expressed confidence in the impact of the cryptocurrency sector on the upcoming U.S. elections, anticipating the influence of “crypto voters.” He believes that this new demographic will play a significant role in this year’s elections.
On a different note, Garlinghouse mentioned plans for an IPO outside the U.S. if the current SEC chair Gary Gensler continues to lead the agency.