Ripple CEO Brad Garlinghouse is confident in the upcoming launch of XRP ETFs, stating that it is inevitable and expected within six months. He credits 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 spot Ethereum ETF launch, other altcoin players are also considering the idea of introducing their own ETFs. In a recent interview with Fox Business, Garlinghouse expressed optimism about the imminent launch of XRP ETFs, deviating from his previous prediction of a 2025 launch to now stating that an XRP ETF is inevitable.
Garlinghouse highlighted the growing interest in crypto ETFs, pointing out the rapid rise of U.S. Bitcoin spot ETFs to multi-billion dollar valuations within just two months, a feat that took similar investments in gold years to achieve.
He also mentioned the U.S. SEC’s increasing acceptance of crypto spot ETFs, especially after approving Ethereum ETFs. Garlinghouse attributed this shift to the regulator’s past legal challenges and barriers, emphasizing the importance of diversifying the market with more commodities to provide investors with greater opportunities.
In a recent statement, Garlinghouse hinted at the forthcoming launch of XRP, Solana, and Cardano ETFs, stating that it is only a matter of time before they enter the market. He believes that XRP ETFs, along with other altcoins, could become strong contenders in the market.
Addressing concerns about potential resistance from the SEC regarding an XRP ETF due to Ripple’s history, Garlinghouse dismissed the notion, highlighting XRP’s market ranking just behind Bitcoin as a promising factor for investors seeking diversification options.
Garlinghouse also expressed confidence in the impact of the cryptocurrency sector on the upcoming U.S. elections, predicting a positive outcome with the rise of “crypto voters” as a significant demographic in this year’s elections. Additionally, he mentioned plans for an IPO outside the U.S. if the SEC chair Gary Gensler continues to lead the agency.