Ripple (XRP) CEO Brad Garlinghouse made some noteworthy statements regarding both the rise of XRP spot ETFs and his expectations for the future of the crypto market.
Garlinghouse noted that in just four weeks, XRP became one of the fastest spot crypto ETFs to reach $1 billion in asset size (AUM) in the US, trailing only Ethereum in this performance.
Garlinghouse said that XRP's prominence is no coincidence, despite the launch of more than 40 crypto ETFs in the US this year. He highlighted two key points regarding investor behavior. First, he noted significant pent-up demand for regulated crypto investment vehicles in the US.
He said that with Vanguard now offering access to crypto through traditional retirement and investment accounts in the US, it has become possible for “millions of non-techies” to get into crypto. Secondly, he highlighted the fact that longevity, stability, and community strength are increasingly important themes for these new “off-chain crypto investors.”
*This is not investment advice.
