Brad Garlinghouse, the CEO of Ripple, is confident about the upcoming launch of XRP ETFs, stating that it is “inevitable” and expected to happen in six months. He credits the U.S. SEC’s recent approval of Ethereum ETFs for their openness towards 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 optimism about the imminent debut of XRP ETFs.
While he had previously predicted that XRP ETFs could be launched by 2025, Garlinghouse now believes that it is inevitable for them to be launched sooner. He emphasized the growing interest in crypto ETFs and pointed out the rapid success of U.S. Bitcoin spot ETFs, which reached multi-billion dollar valuations in just two months.
Garlinghouse highlighted the importance of diversifying the market with different commodities to provide investors with more opportunities. He believes that XRP ETFs could become strong contenders in the market, alongside potential ETFs for Solana and Cardano.
Despite potential regulatory challenges, Garlinghouse remains confident in the potential impact of cryptocurrencies on the upcoming U.S. elections. He anticipates that “crypto voters” will play a significant role in shaping the outcome of the elections this year.
Furthermore, Garlinghouse mentioned the possibility of Ripple planning an IPO outside the U.S. if the current SEC chair, Gary Gensler, continues to lead the agency.
Overall, Garlinghouse’s positive outlook on the future of XRP ETFs and the broader cryptocurrency market reflects a growing trend towards mainstream adoption and acceptance of digital assets.