XRP ETF Supported by Ripple CEO Garlinghouse, Expects Influx of Diverse Crypto Investment Tools

Ripple’s CEO Brad Garlinghouse advocates for the creation of exchange-traded funds (ETFs) centered around digital assets like XRP, foreseeing a logical evolution in the crypto investment landscape. 

Drawing parallels to the early days of the stock market, Garlinghouse emphasizes the importance of diversification and predicts the emergence of various crypto ETFs. Despite uncertainties surrounding the timing of their introduction, Garlinghouse acknowledges the regulatory hurdles, particularly citing the SEC’s handling of the Bitcoin ETF. Reflecting on Ripple’s legal battle with the SEC, which negatively impacted XRP’s valuation before a favorable ruling, 

Garlinghouse highlights the token’s potential for utility and its focus on efficient, low-cost payments. He underscores Bitcoin’s role as a store of value while positioning XRP as ideal for fast, cost-effective transactions, signaling Ripple’s commitment to addressing real-world challenges through digital assets.

Clever Robot News Desk 22^nd February 2024