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- Ripple CEO Brad Garlinghouse remains confident of the potential launch of XRP ETFs in 2025.
- The CEO acknowledges XRP as the second most valuable digital asset and a good competitor in the ETF market.
- Garlinghouse believes in the significance of commodity diversification as the community looks for different investment products.
In an interview on Fox Business, Ripple CEO Brad Garlinghouse expressed optimism about the imminent launch of XRP ETFs. While he previously predicted that the community would see the launch in 2025, Garlinghouse stated, “An XRP ETF is simply inevitable.”
The Ripple CEO further explained the diverse interest in the crypto community where investors look for different investment products. However, XRP, being the “second-most valuable digital asset,” as highlighted by Garlinghouse, is poised to be the basis for the next ETF.
Garlinghouse emphasized the importance of adding more commodities to the market to provide more opportunities to investors, stating, “[it] only makes sense.” Adding, “people don’t want just exposure to one commodity,” he suggested that XRP ETFs could be a strong competitor in the market.
The US SEC approved 11 Spot Bitcoin ETFs in January 2024, following which the industry saw an increased flow of demand. With more than $14 billion in total net inflows, the US Spot Bitcoin ETFs have seen a successful journey since their launch.
Recently, the SEC approved the Spot Ether ETF, with the potential ETF launches expected in July 2024. The SEC’s green light on the Ether ETF launch has created a positive outlook on the potential launches of other exchange-traded funds (ETFs), including XRP, Solana, Shiba Inu, etc.
In a recent report, Garlinghouse hinted at the expected launch of XRP, Solana, and Cardano ETFs. He stated that the launch is imminent and is “just a matter of time.” The CEO added, “I think it’s just a matter of time, and it’s inevitable that there’s gonna be an XRP ETF, there’s gonna be a Solana ETF, there’s gonna be a Cardano ETF, and that’s great.”
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