Garlinghouse Speculates XRP ETF Filings Could Trigger Significant Capital Inflows Reports Ripple News

Ripple CEO Brad Garlinghouse expressed his excitement about the recent filings for XRP ETFs, stating that he is confident these products will attract substantial investment into the XRP ecosystem. The news of Bitwise and Canary Capital filing for XRP ETFs has generated interest within the crypto community. This development is a significant win for XRP fans globally who had started to lose faith in the system.

After much speculation, the filing for XRP ETFs could bring XRP back into the crypto game. The timing of these filings surprised Garlinghouse, considering the ongoing legal battle between Ripple and the SEC. However, he always believed that XRP ETFs would become a reality, as he anticipated that they would follow in the footsteps of Bitcoin ETFs, which were approved by the SEC earlier this year.

Garlinghouse’s confidence in XRP ETFs is further supported by Grayscale’s recent move to convert its Digital Large Cap Fund into a spot-based ETF that includes XRP. He pointed out that Bitcoin ETFs have already attracted $21 billion in investments since their launch and expects similar success for XRP.

The introduction of XRP ETFs is expected to bring in significant capital for both the XRP ecosystem and the broader crypto market. Garlinghouse believes that this is just the beginning for XRP, as more institutional investors seek to diversify their investments with basket-style crypto products.

As more XRP ETFs gain traction, the market could witness a substantial influx of funds, further validating XRP’s role in the future of crypto investing.