BlackRock

<p>In a recent interview with Bloomberg on February 20, <a href="https://www.cryptopolitan.com/ripple-spearheads-push-for-crypto-savvy-lead/" rel="noopener noreferrer nofollow">Ripple</a> CEO Brad Garlinghouse addressed the growing speculation surrounding the potential launch of an XRP exchange-traded fund (ETF). With the recent approval of the first cryptocurrency spot ETFs for Bitcoin, Garlinghouse expressed optimism about the possibility of similar products for XRP.</p>
<h2 class="wp-block-heading" id="garlinghouse-foresees-expansion-of-the-crypto-etf-market">Garlinghouse foresees expansion of the crypto ETF market</h2>
<p>Drawing parallels to the early days of the stock market, Garlinghouse highlighted the demand for diversified exposure to minimize risk. He commented, “I think we will see other ETFs. It makes these markets safer.” This sentiment aligns with the broader trend in the cryptocurrency industry, where investors are increasingly seeking regulated investment vehicles.</p>
<h2 class="wp-block-heading" id="ripple-s-position-on-xrp-etfs">Ripple’s position on XRP ETFs</h2>
<p>When questioned about Ripple’s stance on launching its own XRP ETF, Garlinghouse responded positively, indicating that <a href="https://twitter.com/AltcoinDailyio/status/1760029372961141110" rel="noopener noreferrer nofollow" target="_blank">XRP ETFs</a> are inevitable. He emphasized the likelihood of seeing baskets of crypto ETFs in the future.&nbsp;</p>
<p>However, he refrained from providing a direct confirmation, stating, “I’m not going to comment on that.” Instead, he pointed out the potential benefits of such a development to the XRP community.</p>
<h2 class="wp-block-heading" id="blackrock-s-potential-involvement">BlackRock’s potential involvement</h2>
<p>The interview also discussed whether Ripple was in discussions with prominent issuers like BlackRock regarding the launch of an XRP ETF. While Garlinghouse neither confirmed nor denied talks with BlackRock, he acknowledged that such collaboration would benefit the XRP community.&nbsp;</p>
<p>He stated, “I know BlackRock has said some things publicly. We think it makes sense for the XRP community overall.”</p>
<h2 class="wp-block-heading" id="caution-regarding-timeline">Caution regarding timeline</h2>
<p>Garlinghouse exercised caution when discussing the timeline for introducing an XRP ETF. He emphasized the unpredictability of regulatory decisions, noting that it took a court decision to prompt the <a href="https://www.cryptopolitan.com/expert-predict-ripple-vs-sec-case-timeline/" rel="noopener noreferrer nofollow">SEC</a> to approve Bitcoin spot ETFs. This cautious approach reflects the uncertainty surrounding regulatory approval processes in the cryptocurrency space.</p>

Ripple CEO Brad Garlinghouse comments on prospects of XRP ETF

목차

Cryptopolitan_News

2024년 2월 21일에 게재된 다른 기사

Hong Kong regulator shares provisional crypto custody guidelines

Chain Reaction 2024 by FARI Solutions set for Azerbaijan

New and Best Meme Coins To Buy Wednesday, February 21 – Kitty Coin, Smog, Bibi DogeZilla

Analyst Forecast Sparks Optimism: JASMY Braces for Significant Breakout

SEC crypto attorney departs for private firm

XRP (XRP) Price Climbs, Flow (FLOW) Price Prediction – Pullix (PLX) Predicted to 100x As Token Is...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!