In an exclusive interview with Bloomberg Crypto, Ripple CEO Brad Garlinghouse expressed enthusiasm for an XRP Exchange-Traded Fund (ETF), calling it “inevitable” and highlighting its potential benefits for the XRP community.
Garlinghous’s optimistic stance comes as the cryptocurrency market continues to mature, with increasing institutional interest and regulatory clarity.
BlackRock 🤝 #XRP
Prepare for major news! pic.twitter.com/MsDJdCedwS
— JackTheRippler ©️ (@RippleXrpie) September 22, 2024
When asked about the ETF, Garlinghouse replied: “We will certainly welcome it. I think it’s inevitable. There will be multiple ETFs around different tokens, and you’ll even see ETF’s potential around baskets that diversify risks.”
Advertisement
The introduction of an XRP ETF would provide institutional investors with a regulated and familiar investment vehicle, potentially driving mainstream adoption and increasing liquidity.
BlackRock Partnership Speculates Ripple ETF Optimism
When asked regarding a potential partnership with BlackRock, Garlinghouse remained tight-lipped and refused to comment. However, he acknowledged BlackRock’s public interest in exploring cryptocurrency ETFs. Garlinghouse’s optimism, combined with BlackRock’s public interest, suggest a potential partnership could be on the horizon.
Garlinghouse emphasized Ripple’s significance within the XRP ecosystem but recognized the company is not the sole stakeholder. He highlighted XRP’s past success, noting it was once the second-most valuable digital asset before facing headwinds from the SEC lawsuit.
As the XRP market continues to mature, Ripple’s emphasis on utility and problem-solving will likely drive XRP’s growth. With regulatory approval and potential partnership on the verge, XRP is poised for significant growth.
Advertisement
Also Read: Crypto Community’s Mixed Reactions on Kamala Harris’ Digital Assets Support Statement
