TL;DR
- Brad Garlinghouse, CEO of Ripple, has shown interest in the creation of an XRP ETF during an interview with Bloomberg.
- Garlinghouse argues that diversification through different ETFs is logical and beneficial for investors.
- The CEO also discussed the importance of digital asset custody and how the acquisition of Standard Custody & Trust supports the company’s vision.
Ripple CEO Brad Garlinghouse recently expressed the company’s interest in the potential creation of an Exchange-Traded Fund (ETF) based on the XRP token. In an interview with Bloomberg, Garlinghouse stated that the company “would certainly welcome it” if an XRP ETF were to be launched. This statement reflects Ripple’s recognition of the growing demand for cryptocurrency-linked financial products and its willingness to adapt to market trends.
Garlinghouse argued that having different ETFs is logical, as investors seek to diversify their risks and exposures in the market. He compared the current situation of Bitcoin ETFs to the early days of the stock market. Noting that investors prefer to have a diversified portfolio rather than being exposed to a single asset. In this sense, he considered the arrival of multiple ETFs related to different tokens in the crypto space to be inevitable and potentially beneficial for investors.
Ripple Seeks to Promote its “Compliance-First” Approach With the Acquisition of Standard Custody & Trust
The CEO also referred to the possibility of ETFs emerging that encompass baskets of tokens. Further helping to diversify investors’ risks. This perspective suggests a future where investors will have more options to manage their investments in the cryptocurrency market. Which could encourage greater participation and adoption of these assets.
While Garlinghouse did not comment on whether Ripple is currently in talks with ETF issuers. He reiterated the company’s position that an XRP ETF would be welcomed by the overall community.
Additionally, Garlinghouse also discussed Ripple’s recent acquisition of Standard Custody & Trust. This US-based digital asset custody company is an important step for Ripple in its efforts to promote a “compliance-first” approach in the crypto industry. Garlinghouse emphasized the importance of digital asset custody for the success of the cryptocurrency market.
