Brad Garlinghouse Predicts XRP ETF by 2025
In a recent interview on The Claman Countdown on FOX Business, Ripple CEO Brad Garlinghouse shared his strong belief in the future of an XRP exchange-traded fund (ETF), anticipating its launch by 2025. This optimistic outlook stems from the increasing interest in diverse crypto investments and the changing regulatory landscape in the United States.
Ripple CEO’s View on Crypto ETFs
- Garlinghouse made headlines by asserting that ETFs for various cryptocurrencies, such as Solana (SOL) and Cardano (ADA), are inevitable, drawing parallels to traditional commodities.
- He emphasized the natural progression of the market towards broader exposure and diversification.
Garlinghouse highlighted the importance of exposure to different assets within a portfolio, comparing it to investment in gold and silver. He believes that diversification is a key component of prudent investing strategies.
Regulatory Challenges and Optimism
- When questioned about the hurdles posed by the US Securities and Exchange Commission (SEC), Garlinghouse acknowledged the complexities but remained positive about the future.
- He pointed out the inconsistencies in the SEC’s approach, particularly in contrast to their treatment of Ethereum.
Garlinghouse expressed confidence in the changing regulatory environment, noting advancements in other countries like the UK, Japan, Singapore, and Switzerland. He also discussed the evolving political landscape and its impact on the crypto market, citing increased interest from political figures like Donald Trump.
Path to XRP ETF Approval
- Experts suggest that for XRP to become available as a spot ETF, it may first need to be accessible in its futures counterpart.
- Regulatory authorization for spot Bitcoin ETFs was granted based on trust in the CME Bitcoin futures market’s ability to monitor fraud and market manipulation.
Therefore, obtaining a futures ETF could pave the way for XRP to eventually secure approval as a spot ETF, representing a positive step forward for the cryptocurrency in the ETF realm.
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