Coin Edition -
- Ripple’s Brad Garlinghouse says expecting other ETFs like XRP is reasonable.
- Garlinghouse argued that more crypto ETFs would make the market safer.
- BlackRock launching an XRP ETF “makes sense for the XRP Army,” according to Ripple’s CEO.
Ripple’s CEO, Brad Garlinghouse, has commented on the prospect of BlackRock launching an XRP exchange-traded fund (ETF). On February 20, Bloomberg interviewed Garlinghouse, inquiring about the prospects of an XRP ETF given the growing speculation since the approval of the first cryptocurrency spot ETFs for Bitcoin.
In response, Ripple’s CEO remarked that expecting additional ETFs following Bitcoin’s precedent is reasonable. He drew parallels to the early days of the stock market, where investors sought diversified exposure to companies to minimize risk.
Specifically, Ripple’s CEO remarked: “I think we will see other ETFs. It makes these markets safer.” Altcoin Daily recently shared a snippet of Garlinghouse’s statement with the crypto community on X.
Is a Blackrock $XRP ETF next?