Brad Garlinghouse, the CEO of Ripple, has expressed strong confidence in the upcoming launch of XRP ETFs, stating that it is “inevitable” and expected within the next six months. He credits the U.S. SEC’s recent openness to crypto spot ETFs, including the approval of Ethereum ETFs, for this positive outlook.
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 shared his optimism about the imminent arrival of XRP ETFs.
While he had previously predicted the launch of XRP ETFs by 2025, Garlinghouse now believes that it is simply a matter of time before they become a reality. He highlighted the growing interest in crypto ETFs, pointing to the rapid success of U.S. Bitcoin spot ETFs, which reached multi-billion dollar valuations in just two months.
Garlinghouse emphasized the importance of diversifying the market with a variety of commodities to offer investors more opportunities. He believes that XRP ETFs could be strong contenders in the market, providing investors with exposure to a range of commodities.
In a recent statement, Garlinghouse hinted at the forthcoming launch of XRP, Solana, and Cardano ETFs, stating that their introduction is inevitable. He believes that it is only a matter of time before these ETFs become available to investors.
Despite concerns about potential regulatory challenges, Garlinghouse remains confident in the potential impact of cryptocurrencies on the upcoming U.S. elections. He anticipates a positive outcome, driven by the rise of “crypto voters” who he believes will play a significant role in this year’s elections.
In light of potential obstacles from the SEC, Garlinghouse mentioned the possibility of pursuing an IPO outside the U.S. if the current regulatory environment does not become more favorable.