XRP ETFs can generate huge capital gains, Garlinghouse said.
Ripple CEO Brad Garlinghouse shared his excitement over the recent XRP ETF filings, expressing his belief that these products can attract significant investment in the XRP ecosystem. The news comes after both Bitwise and Canary Capital filed for XRP ETFs, sparking interest in the crypto community. It will be a big deal for all the XRP fans who have been losing faith in the system with institutions willing to file XRP ETFs.
After a long speculative experiment, filling XRP ETFs could bring XRP back into the crypto game.
Let's understand more.
Why is timing important?
In a recent interview on the Thinking Crypto podcast, Garlinghouse was surprised by the timing of the filings, given the ongoing legal battle between Ripple and the SEC. Despite this, I'm not surprised that XRP ETFs are becoming a reality. The XRP ETF approved by the SEC earlier this year has long been predicted to follow in the footsteps of Bitcoin ETFs.
Grayscale's recent move to shift digital large-cap funds to spot-based ETFs, including XRP, further supports Garlinghouse's belief that these ETFs will attract more capital. Since its launch, the Bitcoin ETF has raised $21 billion, and he said he expects the same success for XRP.
Looking ahead: Big capital gains for XRP
Garlinghouse is confident that the introduction of XRP ETFs will inject fresh capital into both the XRP ecosystem and the broader crypto market. He believes this is just the beginning for XRP as many institutional investors want to share in a basket of crypto investment products.
As more XRP ETFs gain traction, the market will likely see significant inflows, confirming XRP's role in crypto investing in the future.
