- Ripple CEO Brad Garlinghouse predicts imminent launch of XRP, Solana and Cardano ETFs.
- Garlinghouse hints at doable regulatory hurdles earlier than ETF approval, just like these for bitcoin and ether.
- The CEO criticizes the regulatory challenges prevalent in the USA, reflecting the ambiguous standing of ETH.
Ripple CEO Brad Garlinghouse has predicted the approaching launch of XRP, Solana and Cardano exchange-traded funds (ETFs) following the SEC's latest approval of the Ether ETF. Reinforcing his optimism, he famous, “It's solely a matter of time.”
Garlinghouse acknowledged the quite a few delays and regulatory hurdles they confronted earlier than the SEC accepted spot bitcoin and ether ETFs, and anticipated comparable challenges for different ETFs. However he characterised these obstacles as mere “acceleration,” including, “I feel it's only a matter of time and it's inevitable that there's going to be an XRP ETF, there's going to be a Solana ETF, there's going to be a Cardano ETF, and that's nice.”
In an interview, Ripple's CEO stated the platform “undoubtedly welcomed” the XRP ETF. He additionally mentioned the potential launch of a number of ETFs based mostly on totally different cryptocurrencies, noting that this could “diversify dangers” for buyers.
Within the dialogue, Garlinghouse criticized the regulatory uncertainties prevalent within the U.S. Citing the paradox relating to the standing of the airwaves, Garlinghouse stated,
“Gary Gensler was known as to Congress and when requested if Ether is a safety, he gained't reply the query.” Nonetheless, he insists the principles are very clear and don't want updating.”
Following the approval of the Ether ETF, specialists speculated concerning the potential launch of extra ETFs, notably the XRP and SOL ETFs. Analyst Geoffrey Kendric of Customary Chartered predicted the introduction of XRP and Solana ETF after 2025.
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