XRP ETF IS “INEVITABLE,” RIPPLE CEO PREDICTS.
During his appearance at the Consensus conference, Ripple CEO Brad Garlinghouse claimed that an XRP exchange-traded fund (ETF) was “inevitable” in the US. The Ripple boss also predicted the emergence of other altcoin ETFs .
In a major policy change, the US Securities and Exchange Commission gave the green light to several Ethereum spot ETFs, raising the price of the underlying cryptocurrency to the highest level since mid-March.
Following the sudden approval of Forms 19b-4, Ethereum ETFs have not yet started trading. According to recent reports, the regulator has now requested that potential issuers urgently submit their draft S-1 filings.
The launch of Bitcoin ETFs in January ended up being a huge success. BlackRock's record-breaking iShares Bitcoin Trust (IBIT) has now managed to amass a staggering $20 billion in total assets under management.
This is not the first time Garlinghouse has confidently predicted altcoin ETFs. In February, months before the SEC's surprising U-turn, he also said the emergence of such products was "inevitable."
British multinational bank Standard Chartered appears to be on the same page as Garlinghouse. As reported by U.Today, he recently predicted that XRP and Solana could be the next altcoins to have their own ETFs in the US.
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