Ripple CEO Predicts: Other Crypto ETFs a "Certainty" – Is XRP Next?
The crypto world is buzzing with anticipation following the approval of Bitcoin and Ethereum ETFs. Fueling this excitement, Ripple CEO Brad Garlinghouse predicts an inevitable launch of XRP ETFs. Speaking with CNBC at the World Economic Forum, Ripple CEO Brad Garlinghouse said that other cryptocurrency ETFs are a “certainty.” However, he did not give a timeline for when it might happen.
Garlinghouse\'s Confidence and the Path to More Crypto ETFs
Garlinghouse stated, “I think it’s a certainty. I’m not going to put a horizon on the time, but I think there will be other ETFs for sure.” This bullish outlook stems from the momentum created by recent ETF approvals and the growing acceptance of digital assets within traditional finance.
XRP ETF: A Matter of Legal Clarity and Network Maturity
While the prospect of an XRP ETF is enticing, it hinges on achieving greater legal clarity surrounding XRP\'s classification. Meanwhile, in a letter submitted to the SEC’s crypto taskforce this week, Ripple’s Chief Legal Officer, Stuart Alderoty, reiterated that XRP should not be treated as a security in and of itself.
Ripple\'s push for clearer crypto regulations reflects broader industry efforts, vital for the introduction of XRP ETFs amid legal challenges. A crucial element is demonstrating the "network maturity" of XRP. Meanwhile, Ripple’s ‘network maturity’ test offers a practical framework that could be adopted to assess tokens fairly.
What\'s Next for XRP and the ETF Landscape?
For now, XRP holders and crypto enthusiasts alike watch closely as Ripple continues to push for legal clarity that could open the door to XRP ETFs and broader acceptance in traditional financial markets. Ripple\'s ongoing efforts to navigate regulatory hurdles are pivotal for not only XRP but also for the potential of future cryptocurrency ETFs.
Hace 3 días Ripple CEO Brad Garlinghouse, while speaking with CNBC at the World Economic Forum, said that other cryptocurrency ETFs are a “certainty.” However, he did not give a timeline for when it might happen. Hace 1 día Meanwhile, in a letter submitted to the SEC’s crypto taskforce this week, Ripple’s Chief Legal Officer, Stuart Alderoty, reiterated that XRP should not be treated as a security in and of itself.