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Ripple’s CEO is likely to approve a Ripple ETF until 2025. He reveals when investors should expect a Ripple ETF to be approved.
Brad Garlinghouse, CEO (CEO) of Ripple, has clarified the potential timeline of the Ripple ETF. Earlier at the Consensus 2024 conference, GarlingHouse announced that the introduction of an XRP exchange-traded fund (ETF) was inevitable.
In an interview with Fox24, Garlinghouse shared his predictions about the current regulatory landscape, highlighting the recent approval of Ethereum spot ETFs by the US Securities and Exchange Commission (SEC) and discussing the potential introduction of an XRP ETF. offered digital currencies.
When asked if he believed Ethereum spot ETFs would begin trading by next month, Garlinghouse responded in the affirmative. He stated that Ethereum spot ETFs could begin trading by July 2024.
He stressed that the introduction of an Ethereum Spot ETF was “a big deal”. Because it expands market access for global investors. Additionally, he pointed to the successful launch of spot bitcoin ETFs and revealed that the digital asset has attracted billions in inflows. Something that emphasizes the strong demand and interest of investors in the property class.
Garlinghouse predicts the imminent launch of an XRP ETF by 2025. He emphasizes the fundamental similarities between Ethereum and XRP in terms of functionality and decentralization.
Ripple’s CEO stated at the Consensus 2024 conference last week that Ripple ETFs are inevitable. He revealed to Fox Business that the SEC’s approval of Bitcoin and Ethereum ETFs will pave the way for more cryptocurrency ETFs to enter the market soon.
Garlinghouse also acknowledged that the US SEC may face challenges during the XRP ETF approval process. However, he is confident that the regulator will eventually license the Ripple ETF.
He pointed out that currently investors are looking for diversification instead of being exposed to a single investment product. In the context of ETFs, this suggests that growing interest in spot Ethereum and Bitcoin ETFs could lead to the approval of more crypto ETFs, including Solana, Ripple, and Cardano.
During the interview, Garlinghouse was asked about the possible factors behind the recent surge in cryptocurrencies such as Bitcoin, Ethereum, and XRP over the past week. According to the interviewer, Bitcoin has surpassed $70,000. While Ethereum has experienced significant inflows following the approval of Ethereum Spot ETFs.
Additionally, XRP is seeing a rebound, up 1.17% in the last 24 hours and trading at $0.52, according to data from CoinMarketCap. In this regard, Garlinghouse noted that the unexpected market movement was mainly caused by the ongoing political developments in the United States.
Ripple’s CEO noted that despite its position as the world’s largest economy, the United States is lagging behind in terms of cryptocurrency innovation and development. He revealed that US presidential candidate Donald Trump’s recent support and attention to the crypto industry has been a good boost for the market.
