Beyond Bitcoin: Ripple CEO Says Approval of Multiple Crypto ETFs ‘Inevitable’ — Embraces Idea of Spot XRP ETF
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Ripple CEO Brad Garlinghouse believes that the U.S. Securities and Exchange Commission (SEC) will approve spot exchange-traded funds (ETFs) based on crypto tokens other than bitcoin. “I think it’s inevitable that there’ll be multiple ETFs around different tokens,” he stressed, noting that Ripple would welcome an XRP ETF. “In my opinion, it makes these markets […]
As the market leader, bitcoin opened the doors for spot crypto ETFs in early 2024 when 11 (at first, then 12) such products were finally greenlighted in the United States following years and years of delays and rejections. Ethereum followed suit in July and now the question is not if…
After Bitcoin and Ethereum, ETF approval is expected in the US for altcoins such as XRP, Solana (SOL) and Cardano (ADA). However, not every country is taking altcoin ETFs as slowly as the US. At this point, Canada is taking important steps regarding XRP ETFs, while Canadian companies 3iQ and…