CEO of Ripple Brad Garlinghouse Says It “Makes Sense” To Have XRP ETF
Brad Garlinghouse, CEO of Ripple, expressed his enthusiasm for a possible exchange-traded fund (ETF) primarily based on the XRP token.
Past his particular curiosity in an XRP ETF, Garlinghouse predicted a broader development of diversification throughout the crypto ETF panorama. He envisions a number of ETFs monitoring particular person tokens, in addition to basket-based funds providing broader publicity to the market. This may mirror the evolution of conventional inventory exchanges, the place diversifying choices entice numerous investor profiles.
Whereas declining to verify any ongoing discussions with potential ETF issuers, Garlinghouse emphasised Ripple’s total help for an XRP ETF, believing it will profit the complete XRP group.
Past ETFs, Garlinghouse outlined his long-term view of digital belongings as instruments for creating utility and fixing real-world issues. He drew a distinction between Bitcoin’s position as a retailer of worth and XRP’s potential as an excellent cost resolution.
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