In a recent interview with Bloomberg Crypto, Ripple CEO Brad Garlinghouse expressed optimism about the future of XRP, suggesting that the cryptocurrency could be included in the U.S. government’s digital asset reserve and anticipating the approval of an XRP exchange-traded fund (ETF) within the year.
Garlinghouse’s projections follow Ripple’s recent legal victory against the U.S. Securities and Exchange Commission (SEC), which had accused the company of conducting an unregistered securities offering. The dismissal of this case has removed a significant regulatory hurdle, potentially paving the way for financial institutions to explore XRP-based investment vehicles.
The possibility of BlackRock, a leading asset management firm, collaborating with Ripple to launch an XRP ETF has been a topic of discussion within the crypto community. Analyst Nate Geraci has predicted that firms like BlackRock and Fidelity may soon enter the XRP ETF market, especially in light of Ripple’s legal clarity.
While Garlinghouse did not confirm any specific partnerships, he noted, “We think it makes sense for the XRP community overall,” when asked about potential collaborations.
The potential for an XRP ETF has garnered attention from investors and market analysts. Following the resolution of Ripple’s legal challenges, there is a growing belief that the path is now clearer for such financial products. Garlinghouse’s confidence in XRP’s inclusion in the U.S. digital asset reserve and the anticipated ETF approval reflect a broader trend of increasing institutional interest in cryptocurrencies.
As the regulatory environment evolves and major financial players consider entering the crypto space, the coming months could be pivotal for XRP and its stakeholders.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on Twitter, Facebook, Telegram, and Google News
Edward Farina, the CEO of Alpha Lions Academy, made a statement on social media urging…
In a market where short-term hype often overshadows long-term value, a growing number of investors…
Cardano (ADA) is trading at $0.7710, gaining 2.59% in the last 24 hours. ADA has…
President Donald Trump recently signed an executive order aimed at modernizing the U.S. Treasury’s payment…
Jake Claver, a well-known business leader and financial strategist, recently took to X to make…
Over the past five days, XRP has been fluctuating between $2.40 and $2.50, indicating a…
