The post Growing Institutional Demand May Propel XRP ETF Amid Ongoing Legal Challenges, According to Ripple CEO Brad Garlinghouse appeared on BitcoinEthereumNews.com.

Ripple CEO Brad Garlinghouse predicts that an XRP ETF is not just possible, but inevitable, fueled by rising demand from both institutional and retail investors. Currently, two firms, Bitwise and Canary Capital, have submitted applications to launch XRP ETFs, awaiting decisions from the SEC amidst ongoing legal disputes. Garlinghouse emphasized in a recent Bloomberg interview that the popularity of ETFs in the crypto space suggests that the XRP ETF approval is on the horizon, despite legal challenges that could extend approvals until mid-2025. This article discusses the inevitability of an XRP ETF according to Ripple CEO Brad Garlinghouse, amidst institutional demand and ongoing SEC legal battles. XRP ETF: A Future Financial Instrument in the Crypto Market Ripple’s XRP may soon join other cryptocurrencies as an ETF, a move that could broaden access for investors looking to gain exposure to digital assets without directly purchasing them. XRP’s integration into traditional financial markets via an ETF could mark a significant shift in how cryptocurrencies are perceived and utilized by mainstream investors. Growing Institutional Demand for Crypto ETFs Garlinghouse’s assertion aligns with a noticeable surge in demand for crypto ETFs, especially following the recent approval of Bitcoin ETFs in the United States. This approval has generated substantial capital inflows; $17 billion was reported as the fastest-growing ETF in history, showcasing robust interest from both institutional clients and retail investors. SoSoValue indicated a cumulative net inflow of approximately $21.34 billion, reflecting significant investor confidence in crypto products. Current XRP ETF Applications and SEC Challenges As interest in an XRP ETF heightens, two prominent firms, Bitwise and Canary Capital, are navigating the regulatory landscape, having filed applications with the SEC. Bitwise’s recent restructuring of its ETF filing underscores its commitment to compliance and investor protection amid ongoing discourse around XRP’s classification as a security. The…

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Filed under: News - @ October 24, 2024 7:23 am