Ripple CEO Brad Garlinghouse has confidently provided a timeline for the launch of an exchange-traded fund (ETF) for XRP. In a recent interview with FOX Business, Garlinghouse emphasized the importance of crypto spot ETFs beyond Bitcoin, highlighting the need for diversification. He pointed out that there is significant interest in crypto ETFs, as evidenced by the rapid valuation growth of U.S. Bitcoin spot ETFs, which took years for comparable investments in gold to achieve.
Garlinghouse also commented on the U.S. Securities and Exchange Commission’s (SEC) recent embrace of crypto spot ETFs, particularly with the approval of Ethereum ETFs. He suggested that this shift in attitude was a result of the regulator’s previous losses and setbacks in court. Considering these factors, Garlinghouse expressed confidence that ETFs for XRP, Solana, and Cardano are inevitable.
However, FOX correspondent Liz Claman raised concerns about the SEC’s potential resistance towards an XRP ETF, given its history with Ripple. In response, Garlinghouse stated that the SEC would struggle to make a convincing argument against it. He reinforced XRP’s potential by highlighting its previous market ranking just behind Bitcoin, further strengthening the case for an XRP ETF as investors seek diversification options.
When asked about the timeline for an XRP ETF, Garlinghouse optimistically stated that it is “not too far away.” Specifically, he suggested that an XRP ETF could be launched as early as next year, in 2025.
This timeline aligns with the sentiments expressed by other industry commentators, including Ripple’s former director, Sean McBride. However, ETF analyst James Seyffart of Bloomberg Intelligence has a more conservative outlook. Seyffart believes that the earliest timeline for the next crypto spot ETF in the U.S., after Ethereum, is in 2026. He even suggests a 2026 timeline for a Solana ETF, indicating that the possibility of an XRP ETF is further in the future due to various factors. These factors include Ripple’s ongoing lawsuit, the current leadership of the SEC, and the absence of a regulated futures market for XRP under the Commodity Futures Trading Commission (CFTC).
It is worth noting that Seyffart’s analysis also applies to Solana, as it requires a futures market, which contributes to the suggested 2026 timeline.
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