Brad Garlinghouse, the CEO of Ripple, confidently stated that the launch of XRP ETFs is on the horizon, describing it as “inevitable” and projected to happen within six months. This positive outlook comes as the U.S. SEC has shown a newfound openness towards crypto spot ETFs, recently approving Ethereum ETFs.
As the crypto market gears up for the introduction of the Ethereum ETF, other players in the altcoin space are also considering the idea of launching their own ETFs. During a recent interview with Fox Business, Brad Garlinghouse expressed his optimism about the imminent arrival of XRP ETFs.
While previously predicting that XRP ETFs could be launched 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 achieved multi-billion dollar valuations in just two months, a feat that took similar investments in gold years to accomplish.
Garlinghouse emphasized the importance of diversifying the market with a variety of commodities to provide investors with more opportunities. He noted that investors are seeking exposure to different assets, indicating that XRP ETFs could emerge as strong contenders in the market.
In a recent statement, Garlinghouse hinted at the forthcoming launch of XRP, Solana, and Cardano ETFs, suggesting that their introduction is inevitable and only a matter of time. He expressed his belief that XRP, Solana, and Cardano ETFs will soon join the market, offering investors additional diversification options.
Addressing concerns about potential regulatory challenges, Garlinghouse dismissed the notion that the SEC would resist an XRP ETF due to its past conflicts with Ripple. He pointed out XRP’s market potential, ranking just behind Bitcoin, as a strong case for the introduction of an XRP ETF to meet investor demands for diversification.
Additionally, Garlinghouse highlighted the impact of the cryptocurrency sector on the upcoming U.S. elections, anticipating significant support from “crypto voters,” a new demographic that he believes will play a crucial role in shaping the election outcome. He also mentioned the possibility of conducting an IPO outside the U.S. if SEC Chair Gary Gensler continues to lead the agency.
Overall, Brad Garlinghouse’s positive outlook on the future of XRP ETFs and the broader cryptocurrency market reflects a growing trend towards mainstream adoption and investor interest in digital assets.