The post Ripple CEO Predicts More Asset Managers Would Follow After Bitwise XRP ETF Filing appeared on BitcoinEthereumNews.com.

The leading asset management firm Bitwise has taken a significant step towards launching an XRP ETF by filing a registration for a Delaware statutory trust on September 30. The move, filed with Delaware’s Division of Corporations, has incited excitement in the crypto community, which has been eagerly awaiting the possibility of the ETF in the US market.  Nate Geraci, the President of the ETF store, stated: “Bitwise positioning to file for XRP ETF is highly noteworthy IMO. Bitwise is a highly credible crypto-native fund firm that doesn’t just throw stuff at the wall. That’s simply not in their DNA. This is strategic.” Ripple CEO Expects More XRP ETFs Filings Following Bitwise Application Ripple CEO Brad Garlinghouse has predicted more asset managers could also file to offer an XRP ETF following Bitwise’s filing of the S-1 form for its Bitwise XRP ETF with the US SEC. Garlingouse also highlighted how significant this development is for XRP adoption, especially in traditional finance (TradFi). “I think it’s just a matter of time, and it’s inevitable there’s gonna be an XRP ETF, there’s gonna be a Solana ETF, there’s gonna be a Cardano ETF, and that’s great.” First BTC, then ETH…it was only a matter of time. This move underscores the growing trust & integration of digital assets like XRP into traditional finance, marking the continued adoption and maturation of the crypto market. I sense this is just the beginning. https://t.co/s1pHpIEqth — Brad Garlinghouse (@bgarlinghouse) October 2, 2024 Garlinghouse also claimed that the application for an XRP wasn’t only a matter of time, as the Spot Bitcoin and Ethereum ETFs had been approved earlier in the year. In May earlier this year, he stated that an XRP ETF was inevitable and would happen at some point. The Ripple CEO was also convinced that this…

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Filed under: News - @ October 2, 2024 11:22 pm