Crypto News- In a recent interview with Bloomberg, Brad Garlinghouse, the CEO of Ripple, expressed the company’s openness to the idea of an exchange-traded fund (ETF) centered around the XRP token. Garlinghouse emphasized that Ripple would “welcome” such an initiative. He further elaborated on the inevitability of multiple ETFs emerging across various tokens, foreseeing a future where ETFs diversify risks for investors through baskets of assets.
Drawing parallels to the evolution of traditional markets, Garlinghouse likened the current landscape of spot Bitcoin ETFs to the early stages of stock market development. He underscored the importance of diversification in investments, noting that investors prefer not to be solely exposed to individual assets.
Ripple CEO Brad Garlinghouse Expresses Interest in XRP ETF
While Garlinghouse declined to comment on ongoing discussions with ETF issuers, he reiterated Ripple’s overall support for the XRP community’s interests. Beyond the potential for an XRP ETF, Garlinghouse discussed Ripple’s recent acquisition of Standard Custody & Trust, emphasizing the significance of custody solutions in the cryptocurrency space.
Garlinghouse emphasized the importance of institutions being able to securely custody digital assets, highlighting Standard Custody & Trust’s licensing as a key component of Ripple’s commitment to a “compliance first” approach. Overall, he stressed the long-term utility and real-world problem-solving capabilities of digital assets like XRP, positioning them as essential tools in the evolving financial landscape.
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