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Ripple’s Garlinghouse predicts XRP ETF launch in 2025 amid market doubts
- Ripple CEO Brad Garlinghouse has expressed confidence in the imminent launch of XRP ETFs, suggesting their introduction is “inevitable” and expected within six months.
- Garlinghouse attributed the US SEC’s recent openness to crypto ETFs, including the approval of Ethereum ETFs.
As the crypto market prepares for the launch of the Ethereum spot ETF, other altcoin players have not hesitated to propose the idea of having an ETF. In his recent interview with Fox Business, Ripple CEO Brad Garlinghouse expressed optimism about the imminent launch of XRP ETFs.
Previously, Garlinghouse had predicted that the community could see the launch of the XRP ETF by 2025, but recently noted that “an XRP ETF is simply inevitable.”
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#Curling CEO Brad Garlinghouse believes the #XRP The ETF will arrive in 2025, just 6 months from now!
Make sure your bags are packed! 🚀🚀🚀 pic.twitter.com/RxAogzUgAL
-Collin Brown (@CollinBrownXRP) June 5, 2024
Furthermore, he highlighted the growing interest in crypto ETFs, citing the rapid rise of US Bitcoin spot ETFs to multi-billion dollar valuations in two months – an achievement that required investments comparable to golden years to achieve.
The US has a growing appetite for crypto ETFs
Garlinghouse also commented on the US SEC’s recent receptiveness to crypto ETFs, especially in light of recent approvals for Ethereum ETFs. He attributed this change to the regulator’s past legal defeats and obstacles.
Emphasizing the need to diversify the market with more commodities to provide greater opportunities for investors, Garlinghouse said: “It just makes sense.” He argued that investors seek exposure to a variety of commodities, suggesting that XRP ETFs could emerge as strong competitors in the market.
In a recent statement, Garlinghouse hinted at the imminent launch of the XRP, Solana, and Cardano ETFs, suggesting that their introduction is inevitable and just a matter of time. “I think it’s just a matter of time and it’s inevitable that there will be an XRP ETF, that there will be a Solana ETF, that there will be a Cardano ETF, and that’s great,” he added.
Overcoming Regulatory Challenges
Meanwhile, FOX correspondent Liz Claman raised the possibility of the SEC showing particular resistance to an XRP ETF, considering its controversial history with Ripple.
In response, Ripple’s CEO stated that the SEC would have difficulty justifying such resistance. He highlighted XRP’s potential by recalling its previous position just behind Bitcoin in market rankings, bolstering the case for an XRP ETF as investors look for diversification options.
Ripple CEO Brad Garlinghouse expressed strong confidence in the cryptocurrency sector’s potential impact on the upcoming US election, anticipating a favorable outcome, reported Crypto News Flash. His optimism stems from the rise of “crypto voters,” a new demographic that he believes will be key in this year’s elections. Garlinghouse stated: “For the first time in US history, crypto voters will be a significant force in this year’s elections.”
On the other hand, Ripple’s CEO also stated that they would be planning to do an IPO outside the US if SEC Chairman Gary Gensler continues to lead the agency, reported Crypto News Flash.