Ripple CEO Foresees Surge in XRP ETF Filings Following Bitwise’s Move
- Brad Garlinghouse anticipates more asset managers will file for XRP ETFs after Bitwise’s recent S-1 form submission.
- The Ripple CEO underscores the importance of this development for XRP’s integration into traditional finance.
- Bitwise’s application is seen as a sign of growing institutional trust in XRP as a commodity, not a security.
One unique insight is Garlinghouse’s assertion that the approval of Spot Bitcoin and Ethereum ETFs earlier this year made an XRP ETF inevitable, buoyed by a legal ruling affirming XRP is not a security.
Looking forward, the potential approval of the Bitwise XRP ETF could catalyze broader adoption and maturation of the crypto market, signaling a new era for digital assets in mainstream finance.
