Ripple CEO Predicts Spot XRP ETF Launch By 2025
Key Points:
In an interview with Fox Business, Brad Garlinghouse—the CEO of Ripple Labs—shared his thoughts on the potential future of Spot XRP ETFs. Garlinghouse was confident that an XRP ETF was inevitable, in his opinion. He estimated that investors could get the opportunity to invest in an XRP ETF as early as 2025.
The Ripple Labs CEO speculated that the recent approval of Spot Ethereum ETFs has the potential to solidify the way for other cryptocurrency-focused ETFs, including an XRP ETF.
Garlinghouse referred to the haphazard nature in which the Securities and Exchange Commission is trying to regulate cryptocurrencies. He noted that if one ETF proposal is approved, it becomes more likely that the SEC will soon approve many more.
Garlinghouse said that diversification is a core driver of the other cryptocurrencies’ appeal to investors. He said that investors want to be exposed to more than just one asset, which is a very big reason to have more cryptocurrencies, such as XRP, SOL, and ADA, in the ETF market.
Garlinghouse noted that XRP was the second most valuable digital asset at one point, and he noted that the rise of cryptocurrency over the last few years has established a healthy competition for Ripple’s digital asset.
Garlinghouse is not the only one optimistic about the eventual approval of an XRP ETF. Earlier this year, former Ripple executive Sean McBride asserted that an XRP ETF might be approved either in 2024 or 2025.
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The current stagnation of the XRP token price has made many analysts question the future of this digital asset. However, everything may change with the launch of Ripple XRP ETFs. For one, its price is expected to skyrocket, and the crypto-asset may even hit the $1 milestone, or even $589.
It is hard to determine the exact price that it could reach following an ETF application, but most analysts believe that the upside potential in this case will be truly enormous.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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