Ripple CEO Brad Garlinghouse predicts the imminent launch of XRP, Solana, and Cardano ETFs.
Garlinghouse hints at the possible regulatory hurdles ahead of the ETF approvals, similar to those for Bitcoin and Ether.
The CEO slams the regulatory challenges prevailing in the United States, reflecting on the ambiguous status of ETH.
Ripple CEO Brad Garlinghouse has predicted the imminent launch of XRP, Solana, and Cardano exchange-traded funds (ETFs) following the SEC’s recent approval of Ether ETFs. Reinforcing his optimism, he remarked, “It’s just a matter of time.”
Acknowledging the multiple delays and regulatory hurdles faced before the SEC approval of both Spot’ Bitcoin and Ether ETFs, Garlinghouse anticipated similar challenges for other ETFs. However, he characterized these obstacles as mere “speed bumps,” adding, “I think it’s just a matter of time, and it’s inevitable that there’s gonna be an XRP ETF, there’s gonna be a Solana ETF, there’s gonna be a Cardano ETF, and that’s great.”
In an interview, the Ripple CEO stated that the platform would “certainly welcome” XRP ETFs. He also discussed the potential launches of multiple ETFs based on different cryptocurrencies, noting that it would “diversify the risks” for investors.
In a discussion, Garlinghouse criticized the regulatory uncertainties prevailing in the U.S. Citing the ambiguity surrounding the status of Ether, Garlinghouse said,
“Gary Gensler has been called to Congress, and when asked if Ether is a security, he won’t answer the question. Yet, he insists that the rules are very clear and don’t need updating.”
Following the Ether ETF approval, experts have speculated on the potential launch of multiple ETFs, particularly XRP and SOL ETFs. Analyst Geoffrey Kendric from Standard Chartered has forecasted the introduction of XRP and Solana ETFs after 2025.
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