Is it Ripple's turn after Ethereum? Exciting Statement from the CEO!

Ripple CEO Brad Garlinghouse made ETF statements that will please investors.

Brad Garlinghouse touched on spot Ripple ETFs in a recent statement to Fox Business. Stating that the USA will inevitably approve Ripple ETFs, the CEO gave an example using the analogy of gold and silver:

If you are exposed to gold, you may also want to be exposed to silver. You don't want to be exposed to just one asset.

Garlinghouse recalled that XRP was once the second largest digital asset in terms of market cap. It currently ranks eighth with a market capitalization of approximately $29 billion. “This was before the SEC approved ETH,” he added.

All eyes are on Ripple after Ethereum ETF approval

The US Securities and Exchange Commission (SEC) has granted 19-b approval to Ethereum ETFs, and S-1 approval is expected at the end of June. Garlinghouse, on the other hand, thinks that after Ethereum approval, it may be Ripple's turn.

Regarding the SEC's possible bias against the XRP ETF due to its legal battle with Ripple, Garlinghouse pointed out that the SEC lost in court.

“This is a difficult argument for them. Can they make life difficult? “They made life difficult for so many people and they lost in court,” he said.