Ripple CEO Brad Garlinghouse reacts to the filings of multiple XRP ETFs, speculating that the product would attract more capital into the XRP ecosystem. 

October 2024 started with a bang for the XRP community after Bitwise applied with the SEC to launch an exchange-traded fund (ETF) for the seventh-biggest cryptocurrency by market cap. 

On October 2, the crypto asset manager submitted an S-1 document with the SEC, declaring its interest in launching an XRP ETF. One week later, famous investment firm Canary Capital joined the race to launch a similar product for XRP. 

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