Brad Garlinghouse, the CEO of Ripple, is confident about the upcoming launch of XRP ETFs, stating that it is “inevitable” and expected within six months. He credits the U.S. SEC’s recent approval of Ethereum ETFs for their newfound openness to crypto spot ETFs.
As the crypto market gears up for the introduction of the Ethereum ETF, other altcoin players are also exploring the idea of launching their own ETFs. In a recent interview with Fox Business, Garlinghouse expressed his optimism about the imminent arrival of XRP ETFs.
While previously predicting the launch of XRP ETFs by 2025, Garlinghouse now believes that it is simply a matter of time before it happens. He highlighted the growing interest in crypto ETFs, pointing to the rapid success of U.S. Bitcoin spot ETFs that reached multi-billion dollar valuations within a short period.
Garlinghouse emphasized the importance of diversifying the market with more investment options, stating that it makes sense to offer investors exposure to a variety of commodities. He sees XRP ETFs as strong contenders that could provide investors with new opportunities in the market.
In addition to XRP ETFs, Garlinghouse hinted at the imminent launch of ETFs for Solana and Cardano, suggesting that it is inevitable and just a matter of time before they are introduced. He believes that these ETFs will be welcomed in the market as investors seek more diversification options.
Despite potential regulatory challenges, Garlinghouse remains confident in the potential impact of the cryptocurrency sector on the upcoming U.S. elections. He anticipates that “crypto voters” will play a significant role in shaping the outcome of the elections. Additionally, he mentioned plans for an IPO outside the U.S. if the SEC continues to be resistant to XRP ETFs under the leadership of Gary Gensler.