American Financial Live
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
American Financial Live
No Result
View All Result
Home Investing

Ripple CEO Brad Garlinghouse Reveals XRP ETF is ‘Inevitable’ in US

by
May 31, 2024
in Investing
0
Ripple CEO Brad Garlinghouse Reveals XRP ETF is ‘Inevitable’ in US

Ripple CEO Brad Garlinghouse ignited excitement with his bullish forecasts on May 30, particularly regarding the prospect of an XRP exchange-traded fund (ETF). Garlinghouse’s statements exuded confidence, suggesting that XRP and other altcoins could follow Ether’s footsteps in securing ETF approvals in the US.

At the Consensus 2024 conference, Ripple CEO Brad Garlinghouse declared that an XRP exchange-traded fund (ETF) in the US is “inevitable,” with Solana and Cardano ETFs likely to follow.

Spot Ether ETF Approval Sets Stage for XRP ETF

Ripple’s Brad Garlinghouse foresees XRP, Solana, & Cardano ETFs pic.twitter.com/xgI4plviUx

— Altcoin Daily (@AltcoinDailyio) May 31, 2024

Despite his optimistic outlook, Garlinghouse acknowledged the regulatory challenges ahead. He criticized the US Securities Exchange Commission (SEC) for the lack of clarity, particularly regarding Ether’s status as a security, with a recent court document showing that the SEC and its Chair Gary Gensler believed Ether was a security.

According to Garlinghouse, this ambiguity is a major obstacle to cryptocurrency innovation in the US. Garlinghouse’s comments about a potential XRP ETF follow the SEC’s recent approval of the Spot Ethereum ETF, suggesting a trend toward broader acceptance of digital assets within the regulatory framework.

BOOM!! APPROVED! There it is. The SEC just approved spot #Ethereum ETFs. What a turn of events. It’s really happening.

h/t @PhoenixTrades_ pic.twitter.com/KQ39mDyCbT

— James Seyffart (@JSeyff) May 23, 2024

This is not the first time Garlinghouse has confidently predicted the rise of altcoin ETFs. In February 2024, the Ripple boss revealed the prospects of XRP ETF. He drew parallels with the early days of the stock market, where diversification was key to managing risk.

He further expressed Ripple’s support for an XRP ETF.

“We would certainly welcome it,” he said. “And I think it’s inevitable that there’ll be, you know, multiple ETFs around different tokens.”

Meanwhile, Ripple’s CTO, David Schwartz, discussed the company’s latest moves in an exclusive interview with Cryptonews’ Rachel Wolfson at the Consensus 2024 event.

Schwartz detailed Ripple’s efforts to promote institutional DeFi and ensure regulatory-compliant operations on decentralized blockchains. He emphasized that these initiatives would integrate institutions with strict compliance needs into the DeFi ecosystem without compromising the core principles of decentralization.

@Ripple has partnered with the @Axl_Foundation to enhance interoperability on the XRP Ledger blockchain, focusing on advancing the tokenization of real-world assets.#CryptoNewshttps://t.co/pDvg6FzkSA

— Cryptonews.com (@cryptonews) February 27, 2024

Additionally, Ripple is advancing in tokenizing real-world assets, enabling them to be used as collateral in DeFi applications. The initiative seeks to merge the benefits of regulatory-compliant products with the flexibility of decentralized finance.

XRP ETF Approval Projections Backed by Standard Chartered Insights


Multinational bank Standard Chartered recently weighed in on the potential for Solana and Ripple’s XRP to secure ETF approval.

The bank’s analysts, including Geoffrey Kendric, believe such approval would likely not occur until 2025.

Standard Chartered analyst Geoffrey Kendrick predicts cryptos ETFs like $SOL and $XRP could be approved by 2025.

Approval of the $ETH ETF suggests $ETH and other similar cryptos will not be treated as securities. pic.twitter.com/ye7lsBK2un

— Ajay Kashyap (@EverythingAjay) May 25, 2024

In detail, Standard Chartered’s perspective is grounded in the broader regulatory environment and market conditions. Analyst Geoffrey Kendric emphasized that while there is growing interest and anticipation for XRP and SOL to achieve ETF status, the current regulatory space makes a 2024 approval unlikely.

Kendric noted that the market dynamics and regulatory hurdles mean that the focus for ETF approval will probably shift to 2025.

The post Ripple CEO Brad Garlinghouse Reveals XRP ETF is ‘Inevitable’ in US appeared first on Cryptonews.

Previous Post

Dogecoin Mobile P2E Meme Coin Rival PlayDoge Price to Explode 170x, Lowest Ever Presale Price Ends Soon

Next Post

Notcoin Price Prediction as $1 Billion Trading Volume Sends NOT to New All-Time High – Time to Buy?

Next Post
Notcoin Price Prediction as $1 Billion Trading Volume Sends NOT to New All-Time High – Time to Buy?

Notcoin Price Prediction as $1 Billion Trading Volume Sends NOT to New All-Time High – Time to Buy?

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    DOJ releases former Special Counsel Jack Smith’s report on investigation into Trump election interference case

    DOJ releases former Special Counsel Jack Smith’s report on investigation into Trump election interference case

    January 14, 2025
    ‘Waste less, save more’: DOGE caucus member rolls out expansive bill package ahead of Trump inauguration

    ‘Waste less, save more’: DOGE caucus member rolls out expansive bill package ahead of Trump inauguration

    January 14, 2025
    Most Americans rate Biden as ‘failed’ or ‘fair’ president: new poll

    Most Americans rate Biden as ‘failed’ or ‘fair’ president: new poll

    January 14, 2025

    About American Financial Live

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy

    Latest News

    • DOJ releases former Special Counsel Jack Smith’s report on investigation into Trump election interference case
    • ‘Waste less, save more’: DOGE caucus member rolls out expansive bill package ahead of Trump inauguration
    • #29193 (no title)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • Thank you

    Copyright © 2025 americanfinanciallive.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2025 americanfinanciallive.com | All Rights Reserved