Brad Garlinghouse, the Ripple CEO, just lately talked about prospects for an XRP ETF. In accordance with the CEO, an XRP exchange-traded fund can be welcome.

Throughout a latest interview, Garlinghouse stated that “Ripple will surely welcome it” whereas addressing an XRP ETF. However the CEO made positive to not give any extra hints in regards to the prospect.

When questioned about Ripple being in talks with any asset supervisor, Garlinghouse responded: “The group is not going to touch upon such subjects proper now. BlackRock has acknowledged some issues publicly. The transfer will make sense for the Ripple group. Ripple is an important stakeholder within the XRP ecosystem. Nevertheless, it’s not the only real participant.”

The rumors surrounding an XRP ETF aired in November 2023. A leaked submitting revealed that BlackRock was submitting for an XRP ETF. The asset supervisor shortly refuted the information, although.

Throughout the interview, the Ripple CEO additionally talked about extra ETFs rising available in the market. Garlinghouse advised that ETFs can diversify threat, however predicting when such funds shall be established is hard.

As for the just lately accepted Bitcoin ETF, Garlinghouse expressed concern that the SEC solely launched an approval after a court docket motion. It was Grayscale who sued the SEC for dismissing ETF purposes and gained in 2023.

Ripple achieved an identical feat after incomes a partial win in opposition to the SEC in its long-fought authorized battle. XRP’s value jumped significantly after the win, however it’s at the moment buying and selling at a 2.58% dip in 24 hours. XRP is at the moment priced at 0.5481 {dollars}, however the XRP value forecast expects it to hit 2.56 {dollars} in 2024.

The Ripple CEO has been endorsing crypto ETFs throughout the board. Garlinghouse advised that such funds make markets extra sturdy and far safer. Though there are not any official bulletins concerning the discharge of an XRP ETF, given Ripple’s market dominance, its introduction is inevitable.