Ripple CEO Brad Garlinghouse Predicts XRP ETFs Arrival by 2025

Kelvin Munene Murithi
June 5, 2024 Updated November 8, 2024
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Ripple CEO Brad Garlinghouse Calls $11B Valuation Outdated Amid XRP Price Surge

Highlights

  • Ripple CEO predicts an inevitable launch of XRP ETFs, drawing confidence from recent approvals for Bitcoin and Ethereum ETFs.
  • Ripple's push for clearer crypto regulations reflects broader industry efforts, vital for the introduction of XRP ETFs amid legal challenges.
  • Despite regulatory hurdles, XRP's bullish performance continues, with prices surging and market capitalization on the rise.

During an interview on Fox Business, the CEO of Ripple, Brad Garlinghouse, disclosed some of his views on the developments that are likely to occur in the future of cryptocurrencies including the launching of XRP ETFs.

His predictions are based on the recent launch of Bitcoin and Ethereum ETFs; hence there are high chances that other cryptocurrencies, such as XRP, will also have ETFs by 2025.

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Garlinghouse Emphasizes Certainty of XRP ETFs

Brad Garlinghouse’s recent comments have been made in the backdrop of increasing curiosity and rumours regarding the possible launch of an XRP ETF. In the course of the interview, he said,

‘It is only a matter of time and it is inevitable there’s going to be an XRP ETF.’

He says that the recent approval of Ethereum ETFs gives him confidence that XRP will soon be approved as well. He also elaborated on the expansion of investment possibilities not limited to Bitcoin and Ethereum, suggesting that XRP has potential for inclusion in crypto ETFs.

The Ripple CEO also commented on the need to have a clear legal framework which he said is critical in advancing and accepting of the cryptocurrency ETFs. Garlinghouse explains that the possible of cryptocurrencies is still viable if the right regulatory environment is put in place. He emphasized the importance of the regulators to change and grow as the market expands, implying that proper regulation will highly enhance the chances of an XRP ETF.

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Regulatory Developments on Crypto ETFs

The discussion of XRP ETFs cannot be separated from the broader context of cryptocurrency regulation in the United States. Ripple and other prominent names in the cryptocurrency industry, like Coinbase and Grayscale, have advocated for a more accommodating regulatory approach by the U.S. Securities and Exchange Commission (SEC). Their efforts are to convince the SEC to update its regulatory framework to reflect the realities of the modern digital asset market.

The push for regulatory clarity is partly driven by the legal challenges faced by Ripple, which recently contended with a significant SEC lawsuit alleging improper sale practices of XRP to institutional investors. This lawsuit underscores the complexities and uncertainties surrounding cryptocurrency regulations in the U.S., which could impact the timing and feasibility of introducing XRP ETFs.

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XRP price Performance

Amid these conversations, XRP’s price has been on a bullish note, with prices moving between a 24-hour high and low of $0.53 and $0.5185 respectively.

At press time, the XRP price was exchanging hands at $0.5254, a 0.92% surge from the support level. 

Concurrently, XRP’s market capitalization and 24-hour trading volume surged by 0.92% and 6.43% respectively to $29,127,941,177 and $1,161,873,100. 

Read Also: MiCA Regulations: Tether CEO Criticizes Bank Deposit Requirement for Stablecoins

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.