Recent comments from Brad Garlinghouse, CEO of Ripple, about ETF terminology and the future of XRP have drawn attention from the crypto community.
What Garlinghouse Said About ETFs
In one of his interviews, Garlinghouse noted the increasing interest in cryptocurrency ETFs following the successful launch of Bitcoin ETFs in the U.S. in January 2024, which attracted around $17 billion. He emphasized that it was the fastest-growing ETF in history, confirming strong demand from both institutional and retail investors for crypto access.
Garlinghouse also mentioned that interest in XRP ETFs is growing, with 'two or three' filings currently in progress. He believes that XRP ETFs are inevitable and that the emergence of ETFs beyond Bitcoin and Ethereum is only a matter of time.
Community's Take on His Comments
In the second part of the video, the creator interprets Garlinghouse's remarks as a signal to hold XRP ahead of major events in 2025. He links ETF approvals to possible sharp price increases, which could occur within months. The narrator also lists institutions that have applied for XRP ETFs, including Bitwise, Grayscale, 21Shares, and others. He speculates that major asset managers like BlackRock could eventually apply for an XRP ETF, although there currently is no official filing.
Where Things Stand Now
As of now, several XRP ETF filings are pending with the SEC, and none have been approved yet. The timing and outcomes remain uncertain, and claims of guaranteed approval are speculative. Garlinghouse's comments illustrate Ripple's leadership sees ETFs as a crucial step in XRP’s future, but achieving that vision will depend on regulatory decisions and market conditions moving forward.
Garlinghouse's comments on the future of XRP and ETFs highlight the significance of these tools in the cryptocurrency market. However, further actions depend on regulatory decisions and changes in market conditions.
