Brad Garlinghouse, the CEO of Ripple, is confident about the upcoming launch of XRP ETFs and believes it is “inevitable” within the next six months. He credits the U.S. SEC’s recent approval of Ethereum ETFs as a sign of their growing openness to crypto spot ETFs.
As the crypto market gears up for the introduction of the Ethereum ETF, other altcoin players are also considering 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 initially predicting the launch of XRP ETFs by 2025, Garlinghouse now believes it is just a matter of time before they become a reality. He highlighted the increasing interest in crypto ETFs, pointing out the rapid growth of U.S. Bitcoin spot ETFs in just two months, a feat that took years for comparable investments in gold to achieve.
Garlinghouse emphasized the need for diversification in the market to provide investors with more opportunities. He suggested that XRP ETFs could become a strong contender in the market alongside other commodities like Solana and Cardano.
Despite potential regulatory challenges, including the SEC’s history with Ripple, Garlinghouse remains confident in the legitimacy of XRP and its potential for investors seeking diversification. He also expressed optimism about the impact of the cryptocurrency sector on the upcoming U.S. elections, highlighting the rise of “crypto voters” as a significant force in shaping the outcomes.
In a bold move, Garlinghouse mentioned the possibility of an IPO outside the U.S. if the SEC chair Gary Gensler continues to lead the agency. This decision reflects Ripple’s commitment to navigating regulatory challenges and expanding its presence in the global market.