Brad Garlinghouse, the CEO of Ripple, confidently stated that the launch of XRP ETFs is on the horizon, describing it as “inevitable” and expected within six months. He credited 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 arrival of the Ethereum ETF, other altcoin players are also exploring the possibility of introducing their own ETFs. During a recent interview with Fox Business, Garlinghouse expressed his positive outlook on the imminent debut of XRP ETFs.
While he had previously anticipated the launch of XRP ETFs by 2025, Garlinghouse now believes that it is bound to happen sooner rather than later, stating that “an XRP ETF is simply inevitable.”
Garlinghouse also highlighted the increasing interest in crypto ETFs, noting the rapid growth of U.S. Bitcoin spot ETFs to multi-billion dollar valuations in just two months, a feat that took gold investments years to achieve.
Commenting on the U.S. SEC’s evolving stance on crypto spot ETFs, Garlinghouse pointed to the recent approvals of Ethereum ETFs and attributed this shift to the regulator’s past legal setbacks and challenges. He emphasized the importance of diversifying the market with a variety of commodities to provide investors with more opportunities, asserting that XRP ETFs could be a strong contender in the market.
Looking ahead, Garlinghouse hinted at the upcoming launch of XRP, Solana, and Cardano ETFs, emphasizing that their introduction is inevitable and only a matter of time. He expressed optimism about the future of these ETFs and their potential to appeal to a wide range of investors.
Addressing concerns about potential regulatory hurdles for an XRP ETF, Garlinghouse dismissed any resistance from the SEC, highlighting XRP’s market ranking just below Bitcoin as evidence of its potential as an investment option for diversification-seeking investors.
In addition to his positive outlook on the crypto market, Garlinghouse also predicted that “crypto voters” would play a significant role in the upcoming U.S. elections, marking a historic shift in political demographics. He also mentioned the possibility of planning an IPO outside the U.S. if SEC chair Gary Gensler continues to lead the agency.