As the Bitcoin price reaches an all-time high, Ripple CEO Brad Garlinghouse shared his views on the current state of the crypto market and the future of ETFs.
Garlinghouse noted that Bitcoin ETF volumes are rising and the overall crypto market is following Bitcoin's lead, as it has historically. He emphasized the importance of this rise going hand in hand with real-world benefit, calling it “the true and inevitable march of progress.”
Garlinghouse shared the company's stance on a potential XRP ETF with Bloomberg on February 20. Comparing the current situation with spot Bitcoin ETFs to the early days of the stock market, he said it “makes sense” to own other ETFs as well.
The CEO believes that investors do not want to be exposed to just one stock, they want to diversify their investments. Saying that Ripple would “absolutely welcome” an XRP ETF, the CEO predicted that investors will see ETFs around different tokens, which he believes will “diversify risks” for investors.
When asked if Ripple is currently in talks with ETF issuers, the CEO declined to comment. But Garlinghouse reiterated the company's position: “We think this makes sense for the XRP community in general.”
*This is not investment advice.