Speculation Swirls as Ripple CEO Speaks on XRP ETF

Ripple CEO Brad Garlinghouse’s recent remarks on cryptocurrency ETFs, especially regarding a potential XRP ETF, have stirred up speculation and debate among XRP enthusiasts.

During a CNBC interview at the World Economic Forum, Garlinghouse expressed optimism about the overall future of cryptocurrency ETFs, stating, “I think it’s a certainty.”

However, when asked if it would come this year, he stated, “I’m not going to put a horizon on the time, but I think there will be other ETFs for sure.”

When directly pressed about the specific possibility of an XRP ETF, Garlinghouse’s response became more guarded. He laughed and said, “There will be other ETFs for sure.” Garlinghouse avoided giving a definitive answer, and after the interviewer asked again, he laughed and said, “I love this game we play.”

After that, Garlinghouse discussed why the Bitcoin ETF happened, drawing attention to the Judge who called the SEC’s enforcement methods arbitrary and capricious.

The Community’s Response

Garlinghouse’s cautious approach has sparked a wave of excitement and debate within the crypto community. Many believe his refusal to comment hints at intriguing information he can’t reveal.

Prominent crypto analyst and XRP supporter Digital Asset Investor (@digitalassetbuy) who shared the video, added the caption, “Larry Fink is not the only one who can’t talk about an XRP ETF.”

Digit Asset Investor was referencing the recent comments from BlackRock CEO Larry Fink on the possibility of an XRP ETF. Similar to Garlinghouse, Fink declined to provide a definitive answer when specifically questioned about the possibility of BlackRock seeking an XRP spot ETF.

His response was met with mixed reactions from the XRP community. Many interpreted it as a potentially positive sign, indicating consideration from BlackRock, while others remained cautious, believing BlackRock doesn’t have any plans for an XRP ETF application.

Tony Edward, host of the Thinking Crypto podcast, commended Fink’s cautious approach. He believes that Fink’s neutral stance might be a strategic move to avoid market volatility, as providing a firm yes or no could trigger significant market fluctuations.

However, FOX senior correspondent Charles Gasparino presented a contrasting view. He attributed Fink’s response to a lack of familiarity with XRP, urging caution against overinterpreting a non-committal answer. Gasparino advised against reading too much into the current statement.

Despite the ongoing speculation, some within the XRP community hold a contrasting view. A market analyst recently argued that cryptocurrency ETFs, in general, are distractions or potential avenues for institutional manipulation. He believes the focus should remain on the intrinsic value and utility of XRP rather than external factors like ETFs.

Follow us on Twitter, Facebook, Telegram, and Google News

Tobi Loba

Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.