Brad Garlinghouse, the CEO of Ripple, is optimistic about the upcoming launch of XRP ETFs, stating that it is “inevitable” and expected to happen within the next six months. He credits the recent approval of Ethereum ETFs by the U.S. SEC as a sign of the regulator’s increasing openness to crypto spot ETFs.
As the crypto market gears up for the introduction of the Ethereum spot 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 confidence in the imminent arrival of XRP ETFs, a departure from his earlier prediction that it might not happen until 2025. He now believes that an XRP ETF is on the horizon sooner than expected.
Garlinghouse highlighted the growing interest in crypto ETFs, pointing to the rapid rise of U.S. Bitcoin spot ETFs to multi-billion dollar valuations within a short span of two months. This achievement, he noted, surpassed similar investments in gold which took years to reach comparable levels.
The Ripple CEO emphasized the importance of diversifying the market with a variety of commodities to provide investors with more opportunities. He stated that it makes sense for investors to seek exposure to different assets, suggesting that XRP ETFs could emerge as strong contenders in the market.
Despite potential regulatory challenges, including the SEC’s past disputes with Ripple, Garlinghouse remains confident in the viability of an XRP ETF. He believes that XRP’s potential, combined with investor demand for diversification, makes a strong case for the introduction of an XRP ETF.
Looking ahead, Garlinghouse hinted at the possibility of XRP, Solana, and Cardano ETFs in the near future, highlighting that their launch is inevitable and just a matter of time. He expressed optimism about the impact of the cryptocurrency sector on the upcoming U.S. elections, noting the rise of “crypto voters” as a significant demographic in this year’s elections.
In response to potential challenges from the SEC, Garlinghouse stated that if the agency continues to resist, Ripple may consider an IPO outside the U.S. These developments signal a shifting landscape in the crypto market, with ETFs poised to play a significant role in providing investors with more opportunities for diversification and exposure to different assets.