Ripple CEO Confirms Arrival of XRP ETFs by 2025, XRP Price Aims to Reach $1

Ripple CEO Brad Garlinghouse is optimistic about the approval of XRP ETFs by 2025, following the recent approvals of Bitcoin and Ethereum ETFs. Garlinghouse believes that the approval of the Spot Ethereum ETF has opened the door for similar products for other cryptocurrencies, including XRP.

Despite facing regulatory challenges from the SEC, Garlinghouse remains confident that an XRP ETF is inevitable and expects it to be approved by 2025. He argues that investors are seeking more diversity in their portfolios and want exposure to multiple commodities, not just a single one.

Introducing XRP as a tradable asset would provide investors with more options and position it as a potential competitor to existing ETH and BTC ETFs, as well as other digital assets like Solana and Cardano. Garlinghouse and former Ripple executive Sean McBride have both expressed their belief in the arrival of an XRP ETF by 2024 or 2025, especially if the SEC approves one crypto ETF, making it difficult for them to reject others.

The speculation around XRP ETFs gained traction when Blackrock CEO Larry Fink was asked about it during a recent interview. While Fink didn’t provide a clear answer, his response sparked further speculation within the XRP community.

The introduction of Spot XRP ETFs is expected to have a significant impact on the price of XRP, similar to the price surges seen with the approval of Bitcoin and Ethereum ETFs in the past. The anticipation of an XRP ETF is seen as a significant development for the token, which has struggled to surpass the $1 mark recently.

Currently, XRP is trading at $0.53, showing a slight increase in the last 24 hours. The market cap has also seen a surge of $29.1 billion.

In conclusion, the approval of XRP ETFs is highly anticipated by Ripple CEO Brad Garlinghouse and the XRP community. The recent approvals of Bitcoin and Ethereum ETFs have created optimism for a similar approval for XRP by 2025. The introduction of XRP as a tradable asset would provide investors with more options and potentially position it as a competitor to other digital assets. The speculation around XRP ETFs was further fueled by comments from Blackrock CEO Larry Fink. The approval of XRP ETFs is expected to have a significant impact on the price of XRP, and the market is eagerly awaiting further developments.