Ripple CEO Open to XRP ETF: Brad Garlinghouse

Brad Garlinghouse, CEO of Ripple, expressed his support for an exchange-traded fund (ETF) based on the XRP token in an interview with Bloomberg. He stated that Ripple would “welcome” an XRP ETF and believes there will be multiple ETFs based on different tokens in the future. Garlinghouse also predicted that ETFs will be developed around baskets of tokens to diversify investor risks. He compared this evolving market to the early days of the stock market when investors sought to diversify their investments beyond single stocks.

While Garlinghouse did not reveal whether Ripple is currently in talks with ETF issuers, he emphasized the company’s belief that it makes sense for the XRP community overall. He also discussed Ripple’s long-term view, stating that digital assets are meant to create utility and solve real-world problems. Garlinghouse praised Bitcoin for being a successful store of value, while he argued that XRP is ideal for payments.

In addition to the potential XRP ETF, Garlinghouse touched on Ripple’s recent acquisition of Standard Custody & Trust. The company acquired the US-based digital asset custody provider, which is a qualified custodian under federal legislation. Standard Custody & Trust provides custody and escrow services, allowing institutions to securely hold their own digital assets and their customers’ crypto. Garlinghouse sees custody as a fundamental element for the success of cryptocurrencies and views Standard Custody & Trust’s license as an important step in their efforts to prioritize compliance.

3 thoughts on “Ripple CEO Open to XRP ETF: Brad Garlinghouse

  1. Ripple’s acquisition of Standard Custody & Trust is a strategic move that strengthens their presence in the market. Security is crucial for mass adoption!

  2. Ripple’s CEO has a clear vision for XRP ideal for payments. This focus on utility sets XRP apart from other cryptocurrencies.

  3. Ripple’s support for an XRP ETF shows their commitment to collaboration and building a strong ecosystem. A step in the right direction!

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