- Brad Garlinghouse, CEO of Ripple, predicts the release of the XRP ETF in 2025.
- Garlinghouse points to an increase in interest in a range of cryptocurrency deals.
- He draws attention to the possible effects of market and political forces.
- Ripple CEO Brad Garlinghouse predicted the release of an XRP exchange-traded fund (ETF) by 2025 and voiced great optimism about the product’s future.
His hope stems from the expanding interest in a variety of cryptocurrency ventures as well as the changes in US regulations.
Crypto ETFs, in the opinion of Ripple CEO, are a natural market progression
Garlinghouse made news last week when he declared that exchange-traded funds (ETFs) for a number of cryptocurrencies, such as Cardano (ADA) and Solana (SOL), are imminent. He compared the market to conventional commodities, highlighting its inevitable move towards greater exposure.
Garlinghouse conceded that there might be difficulties when questioned about the potential obstacles posed by the US Securities and Exchange Commission (SEC). Still, he maintained his optimism. Garlinghouse brought attention to the SEC’s contradictory approach to Ethereum, underscoring its inconsistent stance.
Garlinghouse thinks that despite regulatory obstacles, the regulatory landscape is improving. However, he pointed out that other nations have more advanced regulatory frameworks than the US, including the UK, Japan, Singapore, and Switzerland.
Garlinghouse also discussed how politics are affecting the cryptocurrency industry. He made the observation that there has been a noticeable change in the level of interest from political figures, including Trump’s campaign.
However, analysts believe that XRP may need to be accessible in its futures counterpart before it can be purchased as a spot ETF.
Based on trust in the Chicago Mercantile Exchange’s (CME) Bitcoin futures market’s capacity to offer supervision against fraud and market manipulation, regulatory permission for spot Bitcoin ETFs was given. Thus, if XRP acquires a futures ETF, it will be a positive step toward eventually obtaining a spot ETF.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
