Ripple CEO Brad Garlinghouse Shares His Excitement Over the Recent XRP ETF Filings

Ripple CEO Brad Garlinghouse shared his excitement over the recent XRP ETF filings, expressing confidence that these products could attract significant investment into the XRP ecosystem.

Ripple CEO Brad Garlinghouse has expressed his enthusiasm over the recent filings for XRP ETFs, highlighting their potential to channel substantial investments into the XRP ecosystem.

Following the filings by both Bitwise and Canary Capital for XRP ETFs, the crypto community has been abuzz with interest. Notably, institutions are now showing a willingness to file XRP ETFs, which could be a major win for XRP fans worldwide who have been losing faith in the system.

After a prolonged speculation saga, these XRP ETF filings could finally propel XRP back into the crypto game.

Let's delve deeper into the significance of this news.

In a recent appearance on the Thinking Crypto podcast, Garlinghouse shared his surprise at the timing of these filings, given the ongoing legal battle between Ripple and the SEC. However, he expressed no shock at the materialization of XRP ETFs, having long anticipated them. He had predicted that an XRP ETF would emerge following the SEC's approval of Bitcoin ETFs earlier this year.

Further bolstering Garlinghouse's optimism is Grayscale's recent move to convert its Digital Large Cap Fund into a spot-based ETF, which includes XRP. He believes these ETFs will attract more capital, pointing out that Bitcoin ETFs have already raked in $21 billion since their launch, and expects XRP to follow suit.

First BTC, then ETH…it was only a matter of time.

This move underscores the growing trust & integration of digital assets like XRP into traditional finance, marking the continued adoption and maturation of the crypto market.

I sense this is just the beginning. https://t.co/s1pHpIEqth

Anticipating Major Capital Inflows for XRP

Garlinghouse is bullish on the ability of XRP ETFs to infuse both the XRP ecosystem and the broader crypto market with significant capital. He sees this as just the initial step for XRP, with more institutional investors expected to diversify into basket-style crypto investment products.

As multiple XRP ETFs gain traction, the market could witness a substantial influx of funds, further cementing XRP's role in the future of crypto investing.

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