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HomeCryptoRipple CEO expects XRP ETF to be approved in 2025

Ripple CEO expects XRP ETF to be approved in 2025

Ripple CEO Brad Garlinghouse has shed light on the potential timeline for an XRP ETF after stating that the introduction of an XRP ETF is inevitable at the Consensus 2024 conference.

XRP ETF expected in 2025

In one interview exclusively with Fox Business on June 4, Garlinghouse offered insights into the current regulatory landscape for cryptocurrencies, highlighting the recent approval of the Ethereum spot ETF by the Securities and Exchange Commission. US Securities and Exchange Commission (SEC) and discussed the possibility of introducing an XRP ETF.

When asked if he believed that the Ethereum spot ETF would begin trading next month, Garlinghouse concurred, suggesting that it could begin trading in July 2024.

The CEO emphasized that the introduction of a spot Ethereum ETF is “a big deal” as it expands market access for global investors. Additionally, he pointed to the successful launch of the Bitcoin spot ETF, revealing that the digital asset has attracted billions of dollars in capital inflows, highlighting strong demand and interest from investors. investors for this type of asset.

Garlinghouse predicted the upcoming launch of an XRP ETF in 2025, highlighting the fundamental similarities between Ethereum and XRP in terms of functionality and decentralization.

Speaking at the Consensus 2024 conference last week, the Ripple CEO asserted that an XRP ETF is inevitable. He revealed to Fox Business that the SEC’s approval of Bitcoin and Ethereum ETFs will pave the way for more crypto ETFs to enter the market soon.

Garlinghouse also admitted that the US SEC could present challenges in the XRP ETF approval process. However, he is still confident that the regulator will eventually “nod”.

Investors are now looking for diversification rather than exposure to a single investment product. In the context of ETFs, this implies that growing interest in Ethereum and Bitcoin spot ETFs could lead to the approval of more crypto ETFs, including Solana, XRP, and Cardano.

Itadori

According to Bitcoinist

Mark Tyson
Mark Tyson
Freelance News Writer. Always interested in the way in which technology can change people's lives, and that is why I also advise individuals and companies when it comes to adopting all the advances in Apple devices and services.
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