Ripple CEO Predicts Inevitable XRP ETF Approval
Companies want to create an XRP ETF. Ripple CEO Brad Garlinghouse says SEC hurdles won’t stop it. After Bitcoin and Ethereum got ETFs, XRP could be next. Experts think it might happen by mid-2025.
The market shows strong interest in new crypto investment options. Many investors are waiting for this big change in how they can buy XRP.
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Navigating SEC Hurdles: Ripple CEO’s Confidence in XRP ETF Approval
Timeline and Applications
“It’s just inevitable. You’re going to see not just Bitcoin and ETH, you’re going to see an XRP ETF,” Garlinghouse stated during the Bloomberg TV interview. “I actually think the ETH ETF has done very well,” he added, looking at ETH’s success.
Two companies, Bitwise and Canary Capital, have plans ready. They promise to keep investors’ money safe. More companies might join them soon. The race to launch the first XRP ETF heats up daily.
Investment Structure
An XRP ETF would make buying XRP easier. You wouldn’t need a crypto wallet. Grayscale wants to add XRP to its multi-crypto fund. These new crypto investment options would cost less than buying directly from XRP.
Banks and big investors prefer this safer approach. Regular investors could buy XRP through their normal trading accounts, making investing simpler for everyone.
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Regulatory Path Forward
Right now, regulatory challenges stem from XRP’s legal status. A judge said selling XRP to regular people is okay, but the SEC disagrees and wants to appeal. Lawyers think we’ll know more by early 2025. The SEC’s decisions on other crypto funds might show what’s next for XRP. Each new approval brings the XRP ETF closer to reality. Market watchers study every SEC move carefully.
Market Impact and Outlook
XRP’s price went up 0.20% after Garlinghouse spoke. It now costs $0.52. If the ETF gets approved, experts think the price could go up even more. Big investment firms are getting ready, and banks want in, too.
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These changes could make buying XRP easier and safer for everyone. Small investors watch closely, too. The entire market waits for this next big step in crypto investment history.
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