In the USA, the SEC's approval of Bitcoin and then Ethereum ETFs led investors and market experts to other altcoin ETFs.
At this point, the strongest candidate after spot BTC and ETH ETFs is Solana (SOL), while apart from SOL, altcoins such as XRP, Litecoin (LTC) and Cardano (ADA) are also seen as ETF candidates.
Ripple CEO Brad Garlinghouse, who attended the Consensus 2024 conference and made important statements about the crypto market here, predicts that, following the positive developments in Bitcoin and Ethereum spot ETFs, spot ETFs for XRP, Solana and Cardano will eventually be approved.
“After the SEC approves Bitcoin and Ethereum ETFs, XRP, SOL and ADA ETF will also follow.
I think it's just a matter of time, and inevitably there will eventually be an XRP ETF, there will be a Solana ETF, and there will be a Cardano ETF.
And it's going to be great.”
Garlinghouse believes that the XRP, SOL, and ADA ETFs will also be approved, although he expects there will be a significant regulatory approval process before these ETFs are approved.
At this point, Ripple CEO criticized the SEC's vague crypto regulations, underscoring the need for better regulatory clarity in the US, saying “as the world's largest economy, the US represents the bottom decile in terms of regulatory clarity.” said.
*This is not investment advice.
