Ripple CEO Brad Garlinghouse is confident about the upcoming launch of XRP ETFs, stating that it is inevitable and expected within six months. He pointed out the U.S. SEC’s recent approval of crypto spot ETFs, including Ethereum ETFs, as a sign of growing openness towards such investments.
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 expressed his optimism about the imminent launch of XRP ETFs.
While previously predicting a 2025 launch for XRP ETFs, Garlinghouse now believes that it is simply a matter of time before they become a reality.
Garlinghouse highlighted the increasing interest in crypto ETFs, citing 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.
He also noted the U.S. SEC’s changing stance on crypto spot ETFs, especially following the approval of Ethereum ETFs. Garlinghouse attributed this shift to the regulator’s past legal battles and hurdles.
Stressing the importance of diversifying the market with more investment options, Garlinghouse emphasized the need for XRP ETFs to provide investors with a broader range of commodities.
In a recent statement, Garlinghouse hinted at the upcoming launch of XRP, Solana, and Cardano ETFs, suggesting that their introduction is inevitable and only a matter of time. He believes that these ETFs will offer strong competition in the market.
Addressing concerns about potential resistance from the SEC towards an XRP ETF, Garlinghouse argued that the regulator would struggle to justify such opposition. He pointed to XRP’s previous market ranking just below Bitcoin as evidence of its potential as a diversification option for investors.
Garlinghouse also expressed confidence in the impact of the cryptocurrency sector on the upcoming U.S. elections, anticipating a positive outcome due to the rise of “crypto voters.” He believes that this new demographic will play a significant role in this year’s elections.
On a different note, Garlinghouse mentioned the possibility of planning an IPO outside the U.S. if SEC Chair Gary Gensler continues to lead the agency.