XRP ETF Anticipation Grows as Ripple’s Garlinghouse Sees SEC Progress Despite Regulatory Roadblocks

With interest in cryptocurrency exchange-traded funds (ETFs) on the rise, Ripple and other key players are aiming to secure an XRP ETF. Ripple’s CEO Brad Garlinghouse remains optimistic, suggesting that the regulatory obstacles posed by the SEC won’t hold back XRP’s ETF debut for long. Following Bitcoin and Ethereum’s successful ETF introductions, XRP could potentially be the next digital asset to join the lineup, possibly as soon as mid-2025.

Market experts anticipate a shift in XRP accessibility as more companies submit ETF proposals. Notable firms like Bitwise and Canary Capital are among the first to draft plans, ensuring the safety of investors’ funds. As Garlinghouse emphasized in a recent Bloomberg TV interview, “It’s inevitable. We’ll see an XRP ETF alongside Bitcoin and Ethereum soon.” He further remarked on the positive reception of Ethereum’s ETF, hinting at strong demand for similar products involving other cryptocurrencies. In fact, Grayscale is already looking to add XRP to its diversified crypto fund, a move that could streamline the investment process, particularly for institutions and larger investors.

One notable advantage of an XRP ETF is its convenience: investors wouldn’t need to set up a crypto wallet, and they could trade XRP through regular brokerage accounts, making the process more accessible. Larger financial players and everyday investors alike are drawn to this safer, more straightforward approach, potentially sparking significant adoption.

Regulatory questions remain, with the SEC’s stance on XRP still in limbo. Despite a recent ruling allowing XRP sales to retail investors, the SEC is seeking an appeal. Legal experts expect further clarity by early 2025, and the SEC’s handling of other crypto assets could offer hints about XRP’s future.

XRP’s price, currently at $0.52, with the potential for further gains if an ETF is approved. This ongoing interest in XRP underscores its potential as an investment vehicle, particularly for institutions seeking crypto diversification. As the market closely watches the SEC’s regulatory maneuvers, the launch of an XRP ETF could mark a significant milestone in cryptocurrency investment history.