Brad Garlinghouse, CEO of Ripple, recently expressed optimism regarding the launch of an exchange-traded fund (ETF) for XRP during an interview on FOX Business’s The Claman Countdown. He predicts an arrival date by 2025, fueled by a combination of growing investor interest in diversified crypto exposure and a perceived shift in the regulatory landscape of the U.S.
A Natural Progression for the Market
Garlinghouse isn’t just advocating for an XRP ETF, he sees the emergence of ETFs for various cryptocurrencies as a natural progression for the crypto market. In a previous statement, he stated that ETFs were coming for XRP and other major cryptocurrencies.
Read Also: Here’s When Google Bard Projects XRP To Reach $10 to $20 Price Range
Just as investors might seek exposure to gold and silver, Garlinghouse believes a similar logic applies to crypto assets. This broader exposure allows investors to tailor their portfolios to risk tolerance and investment goals.
The Bitcoin ETF approval in January led to a massive crypto market boom, resulting in Bitcoin reaching a new all-time high in March. Many investors are eager to see similar results from the recently approved ETH ETFs and potentially with XRP ETFs.
Potential Regulatory Hurdles
The path toward an XRP ETF isn’t without challenges. The U.S. Securities and Exchange Commission (SEC) has historically taken a cautious approach toward crypto regulation. Garlinghouse acknowledged this difficulty but expressed optimism based on perceived inconsistencies in the SEC’s stance.
He pointed to the case of Ethereum, where the SEC has not explicitly classified it as a security. Garlinghouse believes this inconsistency weakens the SEC’s arguments against XRP-related ETFs. While acknowledging the hurdles, Garlinghouse believes the regulatory environment is evolving positively.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Garlinghouse also discussed the growing political interest in the crypto market, including recent pronouncements from Donald Trump’s campaign and Trump’s move to accept cryptocurrency donations. According to Garlinghouse, this engagement signifies a significant shift and potential tailwinds for the industry.
Read Also: Chartist Explores XRP Key Levels, States Support and Resistance to Monitor for the Next 100 Days
Garlinghouse also mentioned the bipartisan nature of crypto innovation, highlighting its potential for consumer protection alongside technological advancement. While he finds it surprising that crypto became a partisan issue, Garlinghouse believes both Democrats and Republicans are increasingly recognizing its potential, potentially making it an election talking point. This increased political focus, he argues, could translate into positive momentum for the entire crypto market.
Many experts also believe the successful launch of an XRP futures ETF could pave the way for a spot ETF. In February, Garlinghouse described the emergence of XRP ETFs as inevitable, and these expectations might soon become reality.
Follow us on Twitter, Facebook, Telegram, and Google News
