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 spot Ethereum ETF, other altcoin players are also considering the idea of launching an ETF. In a recent interview with Fox Business, Garlinghouse expressed optimism about the imminent debut of XRP ETFs.
While Garlinghouse had previously predicted the launch of XRP ETF by 2025, he now believes that it is inevitable. He highlighted the increasing interest in crypto ETFs, noting the rapid growth of U.S. Bitcoin spot ETFs to multi-billion dollar valuations in just two months, a feat that took gold investments years to achieve.
Garlinghouse emphasized the importance of diversifying the market with more commodities to provide investors with greater opportunities. He mentioned that investors are looking for exposure to various commodities, indicating that XRP ETFs could be strong contenders in the market.
In a recent statement, Garlinghouse hinted at the upcoming launch of XRP, Solana, and Cardano ETFs, stating that it is inevitable and only a matter of time. He believes that XRP ETF, along with others, will be welcomed in the market.
Despite potential regulatory challenges, Garlinghouse remains confident about the future of XRP ETFs. He believes that the SEC will struggle to justify resistance, considering XRP’s market ranking just behind Bitcoin and the demand for diversification options among investors.
Garlinghouse also expressed optimism about the impact of the cryptocurrency sector on the upcoming U.S. elections, anticipating a positive outcome. He highlighted the rise of “crypto voters” as a significant demographic that will play a crucial role in the elections.
On a different note, Garlinghouse mentioned plans for an IPO outside the U.S. if the SEC chair Gary Gensler continues to lead the agency.