Ripple’s CEO Brad Garlinghouse spoke after the launch of the first XRP futures ETF on the Nasdaq exchange. The development marks a key moment for Ripple and the broader digital asset space as institutional involvement deepens.
Garlinghouse shared his thoughts during Ripple’s “Crypto in One Minute” podcast. While making brief remarks, he shared why crypto ETFs have become popular with more traditional investors. He explained that major investors have struggled to obtain crypto directly. Entities like pension funds and mutual funds now have a tool in ETFs to invest in crypto without using centralized exchanges or keeping their crypto directly on their own accounts.
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He pointed out that moving to spot trading makes digital asset transactions safer and better regulated. For Garlinghouse, this is a key step toward getting more people to use cryptocurrencies.
Along with improving access, Garlinghouse pointed out that ETFs help give the cryptocurrency sector a more professional feel. He explained that the Bitcoin ETF surpassed $1 billion in assets more quickly than before. He noted that the crypto market broke the $10 billion barrier in less time than ever, showing how quickly major investors embrace digital assets.
XRP Futures ETF Launch Signals Institutional Interest
Earlier this week, investment firm Volatility Shares launched the first XRP futures ETF on the Nasdaq under the XRPI ticker. This product went live shortly after the CME exchange introduced an XRP futures offering on May 19. The arrival of these products follows years of demand from institutional investors seeking regulated entry points into crypto markets.
In a similar move weeks earlier, asset manager Tectrium launched a leveraged XRP-based ETF. As a result, more digital asset ETFs are being created, highlighting XRP’s expanding influence in traditional financial markets.
The introduction of Bitcoin futures in 2017 was an important event, followed by spot Bitcoin ETFs appearing in January 2024. BlackRock and various other companies introduced Bitcoin futures, the starting point before spot ETFs were approved.
Garlinghouse’s statements demonstrate that Ripple believes in major companies’ growing use of cryptocurrency. With the XRP futures ETF launching on Nasdaq, Ripple is now in a prominent position in fintech.
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