đ€đ€đ€ Ripple CEO Reveals When Investors Should Expect An $XRP ETF To Be Approved
đ XRP ETF Expected by 2025
Ripple CEO Brad Garlinghouse has revealed insights about the potential timeline for an XRP Exchange Traded Fund (ETF), predicting its launch by 2025. Speaking at the Consensus 2024 conference and in an interview with Fox Business, Garlinghouse emphasized that the approval of Ethereum Spot ETFs by the SEC paves the way for more cryptocurrency ETFs, including XRP.
đ Ethereum ETFs Launching Soon
Garlinghouse suggested that Ethereum Spot ETFs could start trading by July 2024. He highlighted the significance of these ETFs in broadening market access and noted the successful launch of Spot Bitcoin ETFs, which have attracted significant investor interest.
đź XRP ETF Inevitable
Garlinghouse believes that the introduction of an XRP ETF is inevitable, citing the fundamental similarities between Ethereum and XRP. Despite potential challenges from the SEC, he remains confident in the eventual approval of an XRP ETF.
đ XRP Price Uptick
XRP has seen a slight uptick, trading at $0.52 with a 1.17% increase in the last 24 hours. Garlinghouse attributed the recent surge in several cryptocurrencies, including Bitcoin and Ethereum, to ongoing political developments in the US. He mentioned the support from US Presidential candidate Donald Trump as a positive factor for the market.
đ US Lagging in Crypto Innovation
Garlinghouse criticized the US for lagging in cryptocurrency innovation despite being the largest global economy. He expressed optimism that the recent political attention could boost the crypto market's momentum.
