Ripple CEO Brad Garlinghouse: An XRP ETF is “Inevitable” Despite Ongoing SEC Conflict
Despite Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), CEO Brad Garlinghouse remains confident that an XRP ETF is just a matter of time.
In a recent interview with Bloomberg, Garlinghouse expressed his belief that Ripple is next in line for ETF approval following Bitcoin and Ethereum, both of which have seen significant institutional interest in 2024.
Earlier this year, Bitcoin became the first crypto-based ETF in the U.S., driving its price to an all-time high of $73,000 within three months. Ethereum followed, setting the stage for other digital assets, including XRP. Garlinghouse emphasized that ETFs have been crucial for broadening institutional and retail exposure to cryptocurrencies. Since Bitcoin’s ETF approval, the fastest-growing ETF in history, approximately $17 billion has flowed into it.
Garlinghouse stressed the demand for XRP and its growing institutional appeal, stating that it’s only a matter of time before XRP joins the ranks of crypto ETFs. Bitwise recently filed the first XRP ETF application in October, further signaling that the seventh-largest cryptocurrency by market cap could soon be accessible through this popular investment product.
As the ETF landscape in the crypto world expands, Garlinghouse remains optimistic about XRP’s future, despite regulatory challenges.
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