Ripple CEO Brad Garlinghouse commented on potentialities for an XRP exchange-traded fund (ETF) in an interview with Bloomberg on Feb. 20.
When requested whether or not Ripple would make stronger an XRP ETF, Garlinghouse stated:
“We’d no doubt welcome it.”
On the other hand, he didn’t describe any particular plans towards that finish. When requested whether or not Ripple is these days in talks with asset managers equivalent to BlackRock to factor an ETF, he replied:
“I’m now not going to touch upon that. I do know BlackRock has stated some issues publicly. You understand, we expect it is sensible for the XRP group total … Ripple clearly is a vital stakeholder within the XRP ecosystem, however we’re now not the one participant.”
In November 2023, a leaked submitting recommended that BlackRock was once pursuing an XRP ETF. On the other hand, the asset supervisor temporarily showed that the submitting was once pretend.
No XRP ETF exists in the USA at the present. On the other hand, corporations together with Coinshares and 21Shares be offering XRP exchange-traded merchandise (ETP) in Eu markets.
Garlinghouse expects extra crypto ETFs
Garlinghouse added that different crypto merchandise are prone to develop into to be had. He stated:
“I believe it handiest is sensible there can be different ETFs too. It’s somewhat like, you understand, the earliest days of the inventory marketplace. You don’t truly need publicity to 1 inventory or one corporate. You need to in most cases take into accounts diversifying possibility.”
In different places within the interview, Garlinghouse stated that he expects “more than one ETFs round other tokens.” He additionally recommended that ETF baskets may diversify possibility additional. On the other hand, he added that it’s “exhausting to are expecting” when such budget will come into lifestyles.
Garlinghouse additionally commented at the fresh approval of spot Bitcoin ETFs and stated it was once a “unhappy truth” that the SEC licensed the ones packages handiest after a courtroom motion. Grayscale sued the SEC over its earlier brushed aside software and gained a victory in 2023, which in part led the company to approve spot Bitcoin ETFs in January.
Garlinghouse counseled crypto ETFs extensively. He recommended that those budget make markets more secure and extra powerful and praised the funding group for embracing them.
The put up Ripple would “welcome” an XRP ETF, CEO says gave the impression first on CryptoSlate.
