Ripple CEO Brad Garlinghouse shared his views on the XRP-based spot ETF in an interview with Bloomberg.
Garlinghouse likened the crypto market to the early days of stock markets, saying that diversity is very important for investors. Arguing that risk should be distributed in crypto markets, just as investors diversify their portfolios instead of a single asset, as in the stock market, Garlinghouse claimed that there will be more demand for crypto ETFs in the coming periods.
h2 Garlinghouse takes a cautious approach to XRP ETF/h2
During the interview, Ripple CEO also discussed the impact of the US SEC’s Bitcoin ETF approval, and attributed this move to the legal struggle they have been fighting. The change in the SEC’s understanding was interpreted as a step towards a safer and more robust investment framework for cryptocurrencies.
When asked how Ripple would view a possible XRP ETF, Garlinghouse said that they would welcome it and that a spot XRP ETF would be inevitable as the sector develops. When asked whether there were any talks with BlackRock about an XRP ETF, Garlinghouse did not give a clear answer and said that he would not comment on the matter.
As a result, Brad Garlinghouse’s presentation of his view on the XRP ETF was well-received among the XRP community. However, Ripple’s ongoing legal battle with the SEC has tied the company’s hands in terms of taking any new steps on behalf of XRP. Therefore, it seems that the Ripple CEO has not been able to make a clear statement about his plans going forward.
In addition, Garlinghouse, who touched on crypto regulations in the US, said that he saw a clear delay in creating a comprehensive crypto regulatory framework in the country, especially when compared to the UK and the European Union. Emphasizing that more than 20% of Americans have direct or indirect cryptocurrency investments, the Ripple CEO said that the US should address crypto regulation as an urgent matter.#BinanceTurkeySquare #XRP🚀 #AltcoinRallies $XRP
