In August 2025, comments made by Brad Garlinghouse, CEO of Ripple, regarding the future of XRP ETFs made during DC Fintech Week in 2024 resurfaced. These comments drew attention to the current ETF applications under review by the U.S. Securities and Exchange Commission.
ETF Market and Interest in XRP
In the 2024 interview, Garlinghouse noted that the launch of Bitcoin ETFs in January 2024 led to significant capital inflows of about $17 billion. This growth was characterized as the fastest in ETF history. He attributed this interest to a rising demand from both institutional and retail investors for regulated access to tokens. Garlinghouse mentioned that two or three filings for XRP ETFs were already in progress at that time, asserting that such products would eventually become inevitable.
XRP Price Discussion and ETF Applications
The resurfaced video, shared by the account Crypto X AiMan, discussed the potential impact on XRP's price if ETFs were approved. Companies reported to have filed for XRP ETFs included Bitwise and Grayscale. However, there was no officially confirmed filing from BlackRock at the time of publication, although representatives from the company and Ripple had attended the same industry events.
Impact of SEC Expectations on the Market
As of August 2025, several applications for XRP ETFs were still awaiting review by the SEC. No approvals had been granted, as the SEC often extended review periods, citing the need for additional analysis. Analysts noted that ETF speculation often influenced XRP's price, but the actual impact depended on regulatory decisions.
Garlinghouse's comments highlight Ripple's expectations for future XRP ETFs, but the final decision from the SEC and market conditions in 2025 remain uncertain.
