Brad Garlinghouse Announces XRP ETF Date on Live Stream

In a recent live broadcast, Ripple CEO Brad Garlinghouse made an optimistic prediction about the future of cryptocurrencies, particularly investment funds (ETFs) linked to XRP. During the presentation, Garlinghouse expressed strong conviction in the inevitability of XRP ETFs, highlighting a possible implementation by the year 2025. “XRP ETFs are inevitable,” he stated, suggesting a significant change in the regulatory and investment landscape for cryptocurrencies.

Ripple, in collaboration with big names in the industry like Coinbase and asset manager Grayscale, has been leading a concerted effort to get the U.S. Securities and Exchange Commission (SEC) to update its cryptocurrency regulations. This campaign appears as part of a broader strategy to integrate cryptocurrencies into the traditional financial market, thus facilitating the creation of financial products such as ETFs.

#Ripple CEO @bgarlinghouse

Brad Garlinghouse: “A #XRP ETF is just simply inevitable.” Fox Business pic.twitter.com/oJAm5sCrWW

— XRP (@BankXRP) June 4, 2024

However, it is not all positive news for Ripple. The company faces significant legal challenges, including a potential $2 billion fine from the SEC. This setback stems from a recent court ruling, which concluded that Ripple made illegal sales of XRP to institutional investors. This point of controversy highlights persistent regulatory challenges within the cryptocurrency ecosystem.

Despite these obstacles, Garlinghouse’s outlook for 2025 reflects cautious optimism, signaling a possible turning point in the recognition and acceptance of cryptoassets by global regulatory authorities. The development of XRP ETFs could not only broaden the investment options available, but also further validate the use of cryptocurrencies as a legitimate and regulated asset class.

At the time of publication, the price of XRP was quoted at US$0.5252 with an increase of 1% in the last 24 hours.

Disclaimer:

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.