Ripple CEO Brad Garlinghouse has confidently provided a timeline for the launch of an exchange-traded fund (ETF) for XRP. During an interview with FOX Business, Garlinghouse emphasized the importance of diversification in the crypto market and highlighted the high interest in crypto ETFs. He pointed out that U.S. Bitcoin spot ETFs reached multi-billion dollar valuations in just two months, a feat that took years for gold investments to achieve.
Garlinghouse also commented on the U.S. Securities and Exchange Commission’s (SEC) growing acceptance of crypto spot ETFs, particularly with the recent approvals for Ethereum ETFs. He suggested that this shift in attitude is a result of the regulator’s previous losses and setbacks in court.
Based on these factors, Garlinghouse expressed confidence that ETFs for XRP, Solana, and Cardano are inevitable. However, FOX correspondent Liz Claman raised concerns about the SEC’s potential resistance to an XRP ETF due to its history with Ripple. In response, Garlinghouse argued that the SEC would struggle to make a convincing case against it. He reinforced XRP’s potential by highlighting its past position as the second-largest cryptocurrency, making a strong case for an XRP ETF as investors seek diversification options.
When asked about the timeline for an XRP ETF, Garlinghouse optimistically stated that it is “not too far away” and suggested that it could launch as early as next year, 2025.
This timeline aligns with the sentiments expressed by other industry commentators, including Ripple’s former director, Sean McBride. However, ETF analyst James Seyffart of Bloomberg Intelligence has a more conservative outlook. Seyffart believes that the earliest timeline for the next crypto spot ETF in the U.S. after Ethereum is 2026. He even suggested that an XRP ETF might be farther off due to factors such as Ripple’s ongoing lawsuit, the current leadership of the SEC, and the absence of a regulated futures market for XRP. Seyffart also pointed out that Solana, which also requires a futures market, is unlikely to have an ETF before 2026.
It is important to note that this information is purely informational and should not be considered financial advice. The opinions expressed in this article are solely those of the author and do not reflect the views of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions, and The Crypto Basic holds no responsibility for any financial losses incurred.
