Brad Garlinghouse, the CEO of Ripple, is optimistic about the imminent launch of XRP ETFs, stating that it is “inevitable” and expected within the next six months. He credits 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 introduction of the Ethereum ETF, other altcoin players are also exploring the possibility of launching their own ETFs. In a recent interview with Fox Business, Garlinghouse expressed his confidence in the upcoming XRP ETFs.
While previously predicting the launch of XRP ETF by 2025, Garlinghouse now believes that it is on the horizon sooner than expected. He highlighted the growing interest in crypto ETFs, pointing out the rapid rise of U.S. Bitcoin spot ETFs to multi-billion dollar valuations in just two months.
Garlinghouse emphasized the importance of diversifying the market with different commodities to provide investors with more opportunities. He mentioned the potential for XRP ETFs to become strong contenders in the market.
In addition to XRP, Garlinghouse hinted at the possibility of launching ETFs for Solana and Cardano, stating that it is only a matter of time before they become available. He dismissed concerns about regulatory challenges, particularly regarding XRP, citing its past market performance and investor interest.
Garlinghouse also discussed the impact of the cryptocurrency sector on the upcoming U.S. elections, anticipating that “crypto voters” will play a significant role. He expressed optimism about their influence in shaping the outcome of the elections.
On a separate note, Garlinghouse mentioned the possibility of conducting an IPO outside the U.S. if the SEC under Gary Gensler’s leadership continues to pose challenges.