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Ripple CEO Brad Garlinghouse, in a recent Bloomberg interview, expressed support for the creation of an XRP exchange-traded fund (ETF), which would mark a significant milestone for the cryptocurrency community. While he avoided detailing specific plans or discussions with asset managers like BlackRock, his enthusiasm underscores Ripple’s pivotal role in fostering XRP’s growth. Despite past rumors of BlackRock’s involvement in an XRP ETF proving unfounded, the push for such a financial product in the U.S. remains, with European markets already hosting XRP exchange-traded products (ETP).
Garlinghouse anticipates the emergence of diverse crypto ETFs, akin to the early diversification seen in stock markets, highlighting the importance of risk mitigation through varied investments. He points to the recent approval of Bitcoin ETFs in the U.S. as a positive development for the crypto industry, advocating for the broader adoption of crypto ETFs to enhance market safety and robustness. This perspective not only champions XRP’s inclusion in the expanding landscape of crypto investments but also signals a promising future for the broader acceptance of digital assets.
