Summary
Ripple CEO Brad Garlinghouse believes an XRP ETF is inevitable after Bitcoin ETF approvals. More crypto ETFs could lower risks. The SEC case against Ripple has been resolved. ETFs offer investors shares of assets traded on stock exchanges. Uncertainty remains about XRP ETF approval due to SEC regulations. John Deaton criticizes SEC’s XRP litigation and enters US Senate race.
Key Points
1. Ripple CEO Brad Garlinghouse believes that an XRP exchange-traded fund (ETF) is inevitable following the approvals of Bitcoin ETFs. He sees the approval of more crypto ETFs as a way to diversify risk and make the market safer and more robust.
2. The approval of Bitcoin ETFs by the US Securities and Exchange Commission (SEC) has paved the way for future products that lower risks and provide institutions with regulated exposure to Bitcoin. This sets the stage for the potential approval of other crypto ETFs in the future.
3. The SEC’s case against Ripple has been resolved in ways that the company cares about, but the path to an XRP ETF is not clear. There may be challenges related to how XRP is categorized, and the SEC may push for an XRP futures ETF before considering an ETF that tracks the asset directly.