Ripple CEO Brad Garlinghouse Doubles Down on XRP ETF, Calls it "Inevitable"
Brad Garlinghouse, CEO of Ripple, has reiterated his strong belief in the eventual approval of an XRP Exchange-Traded Fund (ETF).
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Brad Garlinghouse, CEO of Ripple, has reiterated his strong belief in the eventual approval of an XRP Exchange-Traded Fund (ETF). His comments come on the heels of the recent launch of the first-ever Spot Ethereum ETF in the US.
In a recent interview with Fox Business, Garlinghouse pointed to the rapid adoption of Bitcoin ETFs as evidence of surging investor interest in cryptocurrency exposure through traditional investment vehicles. He highlighted how Bitcoin ETF inflows significantly outpaced those of Gold ETFs in their launch years, demonstrating a clear demand for crypto-based investment products.
"The interest in this space remains very high," Garlinghouse stated, expressing confidence that the Ethereum ETF's success will pave the way for similar products focused on other cryptocurrencies, including XRP.
He further emphasized the importance of diversification for investors, who typically seek exposure beyond a single asset class. "People don't want just exposure to one commodity," he said, drawing a parallel to the evolution of precious metals ETFs.
This statement aligns with Garlinghouse's previous comments at Consensus 2024, where he advocated for a future with multiple cryptocurrency ETFs, including those for XRP, Solana, and Cardano.
However, Garlinghouse acknowledged the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) regarding XRP's classification. Despite this challenge, he expressed optimism, stating, "I think it's a hard argument for [the SEC] to win."
While the timeline for an XRP ETF remains uncertain, Garlinghouse's confidence reflects the growing momentum behind cryptocurrency ETFs and the potential for broader institutional adoption of XRP.
