Ripple CEO Brad Garlinghouse Predicts XRP ETFs Arrival by 2025

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As an analyst with a background in cryptocurrencies and finance, I find Brad Garlinghouse’s views on XRP ETFs to be not only plausible but also backed by solid reasoning. His confidence is rooted in the recent approval of Bitcoin and Ethereum ETFs, which sets a precedent for other cryptocurrencies like XRP.

As a crypto investor, I’m always keeping an ear out for insights from industry leaders. Recently, Brad Garlinghouse, CEO of Ripple, shared his perspectives on the future of cryptocurrencies during an interview on Fox Business. He discussed the potential launch of XRP Exchange-Traded Funds (ETFs) among other developments.

As a researcher studying the cryptocurrency market, I’ve noticed that the recent launches of Bitcoin and Ethereum Exchange-Traded Funds (ETFs) have significantly impacted their prices. Consequently, it’s plausible to anticipate that other notable cryptocurrencies, such as XRP, may follow suit and secure their own ETFs by 2025.

Garlinghouse Emphasizes Certainty of XRP ETFs

Amidst growing excitement and whispers about a potential XRP Exchange-Traded Fund (ETF) debut, Brad Garlinghouse made these remarks during a recent interview. He stated,

‘It is only a matter of time and it is inevitable there’s going to be an XRP ETF.’

I’m excited about the recent approval of Ethereum-based Exchange Traded Funds (ETFs). This development gives me optimism that XRP might follow suit soon. The expansion of investment opportunities beyond Bitcoin and Ethereum is a clear sign of the growing acceptance of digital assets in traditional financial markets. As an investor in XRP, I believe its potential for inclusion in crypto ETFs is significant.

The CEO of Ripple likewise weighed in on the necessity of establishing a definitive legal structure, stating it is essential for the progression and acceptance of cryptocurrency Exchange-Traded Funds (ETFs). Garlinghouse asserts that the potential of cryptocurrencies remains strong if the appropriate regulatory conditions are met. He underscores the significance of regulatory bodies adapting and evolving alongside the market expansion, suggesting that well-defined regulation significantly boosts the likelihood of an XRP ETF coming to fruition.

Regulatory Developments on Crypto ETFs

The debate over XRP ETFs hinges on the larger regulatory landscape governing cryptocurrencies in the US. Ripple, alongside industry leaders such as Coinbase and Grayscale, have been pushing for a more lenient stance from the Securities and Exchange Commission (SEC) regarding digital assets. Their objective is to persuade the SEC to modernize its regulatory framework, making it more suitable for today’s dynamic cryptocurrency market.

The call for clearer regulatory guidelines is in part fueled by the legal hurdles encountered by Ripple, most notably the SEC lawsuit against them accusing alleged unlawful XRP sales to institutional investors. This contentious case highlights the intricacies and ambiguities surrounding cryptocurrency regulations in the United States, potentially influencing both when and if XRP ETFs can be launched.

XRP price Performance

During our discussions, the value of XRP has shown an upward trend. The price has fluctuated between a peak of $0.53 and a low of $0.5185 over the past 24 hours.

At the moment of publication, the XRP price stood at $0.5254 on the market, representing a 0.92% increase compared to its previous support level.

As a researcher observing the cryptocurrency market, I noticed that XRP‘s market capitalization experienced a growth of 0.92%, reaching a total value of $29,127,941,177. Additionally, the 24-hour trading volume for XRP increased by an impressive 6.43% to reach $1,161,873,100.

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2024-06-05 01:42