Markets
Ripple’s Brad Garlinghouse confident of XRP ETF launch in 2025
During a recent interview on The Claman Countdown on FOX Business, Ripple CEO Brad Garlinghouse expressed strong confidence in the future of an XRP exchange-traded fund (ETF), predicting its arrival in 2025.
Their optimism is rooted in growing interest in various crypto investments and regulatory changes in the United States.
Ripple CEO Sees Crypto ETFs as a Natural Market Progression
Last week, Garlinghouse made headlines stating that ETFs for various cryptocurrencies, including Solana (SUN) and Cardano (ADA), are inevitable. He drew parallels with traditional commodities, emphasizing the market’s natural progression toward broader exposure.
“So if you have exposure to gold, you might want exposure to silver, […] and so, to me, it just makes sense,” Garlinghouse explained.
See more information: Crypto ETN vs. Crypto Crypto ETF: What’s the difference?
When asked about potential challenges from the U.S. Securities and Exchange Commission (SEC), Garlinghouse acknowledged the difficulty. However, he remained optimistic. Garlinghouse further highlighted the SEC’s inconsistent position, pointing out the contradiction in its approach towards Ethereum.
“I think it’s a tough argument for them to win. […] They made life difficult for a lot of people and then lost in court,” he said.
Despite regulatory hurdles, Garlinghouse believes the regulatory environment is changing positively. However, he mentioned that other countries such as the UK, Japan, Singapore and Switzerland are ahead of the US. in its regulatory approach.
Garlinghouse also addressed the political aspects that influence the crypto market. He highlighted that the growing interest of political figures, including the Trump campaignsignals a significant change.
“This is a topic that a lot of people are passionate about, and this is an enthusiasm and enthusiasm that is pro-innovation, pro-these technologies, and knows that they can be used in a way that protects consumers, all at the same time. I think it’s crazy that this has become a partisan issue, but I think Republicans are being very strategic in how they approach this. And I think it’s becoming an election issue, which I think is good for the industry. And so I think this is driving the market,” Garlinghouse opined.
See more information: What is a Bitcoin ETF?
However, experts think that for XRP to be available as a spot ETF, it may be necessary available in its future counterpart first. Regulatory approval for spot Bitcoin ETFs was granted based on confidence in Bitcoin from the Chicago Mercantile Exchange (CME). futures market capacity to provide surveillance against fraud and market manipulation. In that regard, if XRP gets a future ETFIt’s a step in the right direction towards one day earning a cash ETF.
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