Ripple CEO Brad Garlinghouse Reveals XRP ETF is ‘Inevitable’ in US
Ripple CEO Brad Garlinghouse ignited excitement with his bullish forecasts on May 30, particularly regarding the prospect of an XRP exchange-traded fund (ETF). Garlinghouse’s statements exuded confidence, suggesting that XRP and other altcoins could follow Ether’s footsteps in securing ETF approvals in the US.
At the Consensus 2024 conference, Ripple CEO Brad Garlinghouse declared that an XRP exchange-traded fund (ETF) in the US is “inevitable,” with Solana and Cardano ETFs likely to follow.
Ripple's Brad Garlinghouse foresees XRP, Solana, & Cardano ETFs pic.twitter.com/xgI4plviUx
— Altcoin Daily (@AltcoinDailyio) May 31, 2024
Despite his optimistic outlook, Garlinghouse acknowledged the regulatory challenges ahead. He criticized the US Securities Exchange Commission (SEC) for the lack of clarity, particularly regarding Ether’s status as a security, with a recent court document showing that the SEC and its Chair Gary Gensler believed Ether was a security.
According to Garlinghouse, this ambiguity is a major obstacle to cryptocurrency innovation in the US. Garlinghouse’s comments about a potential XRP ETF follow the SEC’s recent approval of the Spot Ethereum ETF, suggesting a trend toward broader acceptance of digital assets within the regulatory framework.
BOOM!! APPROVED! There it is. The SEC just approved spot #Ethereum ETFs. What a turn of events. It's really happening.
h/t @PhoenixTrades_ pic.twitter.com/KQ39mDyCbT
— James Seyffart (@JSeyff) May 23, 2024
This is not the first time Garlinghouse has confidently predicted the rise of altcoin ETFs. In February 2024, the Ripple boss revealed the prospects of XRP ETF. He drew parallels with the early days of the stock market, where diversification was key to managing risk.
He
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