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 approval of Ethereum ETFs as a sign of their openness to crypto spot ETFs.
As the crypto market gears up for the debut of the spot Ethereum ETF, other players in the altcoin space are also considering the idea of launching their own ETFs. In a recent interview with Fox Business, Garlinghouse expressed his optimism for the imminent introduction of XRP ETFs.
While he had previously predicted that XRP ETFs could be launched by 2025, Garlinghouse now believes that it is inevitable and could happen sooner. He highlighted the growing interest in crypto ETFs, noting the rapid growth of U.S. Bitcoin spot ETFs in just two months, a feat that took gold investments years to achieve.
Garlinghouse pointed out the importance of diversifying the market with more commodities to provide investors with more opportunities. He mentioned that investors are looking for exposure to a variety of assets, indicating that XRP ETFs could become significant players in the market.
In a recent statement, Garlinghouse hinted at the future launch of XRP, Solana, and Cardano ETFs, stating that it is just a matter of time before they are introduced. He emphasized the inevitability of these ETFs and their potential to attract investors.
Despite potential regulatory challenges, Garlinghouse remains confident in the appeal of XRP ETFs, especially as investors seek diversification options. He dismissed concerns about the SEC’s resistance, highlighting XRP’s past market performance and its potential as a strong investment option.
Looking ahead, Garlinghouse is optimistic about the impact of the cryptocurrency sector on the upcoming U.S. elections. He believes that “crypto voters” will play a significant role in shaping the outcomes of the elections this year, marking a historic moment in U.S. politics.
On a different note, Garlinghouse mentioned the possibility of conducting an IPO outside the U.S. if the SEC’s stance under Chair Gary Gensler remains unchanged. This move could signify Ripple’s commitment to expanding its presence globally.
In conclusion, Garlinghouse’s confidence in the future of XRP ETFs and the broader cryptocurrency market reflects a positive outlook on the industry’s growth and potential impact on the financial landscape.