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Brad Garlinghouse, the Chief Executive Officer of U.S. crypto payment firm Ripple, has shared his thoughts on the possibility of an XRP spot exchange-traded fund (ETF).<\/b><\/p>\n
Garlinghouse\u2019s comment on the prospect of an XRP ETF came during a recent <\/span>interview<\/span> with CNBC, a U.S.-based media agency. Specifically, when asked about the likelihood of additional cryptocurrency ETFs, Garlinghouse expressed confidence, stating:\u00a0<\/span><\/p>\n \u201cI think it\u2019s a certainty. I\u2019m not going to put a horizon on the time, but I think there will be other ETFs for sure.\u201d\u00a0<\/span><\/i><\/p>\n However, when directly questioned about the possibility of an XRP ETF, Garlinghouse beamed, hesitating to provide a definitive answer. Instead, he remarked, <\/span>\u201cThere will be other ETFs for sure.\u201d<\/span><\/i><\/p>\n The CNBC host pressed further for an absolute response.\u00a0 Yet, Garlinghouse chuckled and avoided providing a definitive answer, leaving the possibility open for speculation. The Ripple CEO\u2019s cautious approach has caught the crypto community\u2019s attention.\u00a0<\/span><\/p>\n Prominent X user \u201cDigital Asset Investor\u201d drew parallels between Garlinghouse\u2019s reply and the statement of BlackRock\u2019s CEO concerning the subject. <\/span><\/p>\n \u201cLarry Fink is not the only one who can\u2019t talk about an XRP ETF,\u201d<\/span><\/i> he remarked.<\/span><\/p>\n Larry Fink is not the only one who can’t talk about an XRP ETF \ud83d\udc40\ud83d\udc40\ud83d\udc40 pic.twitter.com\/iDVhrICErD<\/p>\n \u2014 Digital Asset Investor (@digitalassetbuy) January 16, 2024<\/p>\n<\/blockquote>\n – Advertisement –<\/span><\/p>\n As the pro-XRP crypto influencer rightly pointed out, BlackRock\u2019s CEO Larry Fink declined to give an absolute answer when specifically asked about the likelihood of his firm seeking an XRP spot ETF. <\/span>Like Ripple\u2019s CEO, he responded, <\/span>\u201cI can\u2019t talk about that.\u201d<\/span><\/i><\/p>\n Larry Fink\u2019s comment garnered a positive reception from the XRP community, with members interpreting his neither affirmative nor negative stance as a potential signal for consideration.\u00a0<\/span><\/p>\n The Thinking Crypto podcaster Tony Edward argued that Fink\u2019s neutral reaction might be intentional to avoid market volatility, as providing a clear yes or no could trigger movements in the XRP market.<\/span><\/p>\n Contrastingly, FOX\u2019s senior correspondent Charles Gasparino claimed Larry Fink\u2019s response was due to his limited awareness of XRP as a cryptocurrency.\u00a0<\/span><\/p>\n Something to keep in mind about my question to Larry Fink about starting an $XRP ETF and his non comital answer; Larry barely knows that $XRP exists as a crypto currency. He’s just a little more fluent in $ETH’s status in the crypto ecosystem. That might soon change, but dont\u2026<\/p>\n \u2014 Charles Gasparino (@CGasparino) January 13, 2024<\/p>\n<\/blockquote>\n Gasparino advised caution in reading too much into Fink\u2019s non-committal answer. Moreover, he suggested that Fink\u2019s understanding of XRP may evolve, but his response should not be overinterpreted for now.<\/span><\/p>\n Nonetheless, certain influential figures within the XRP community hold the perspective that an XRP exchange-traded fund is inconsequential. They believe crypto ETFs are distractions or avenues for institutional corruption.<\/span><\/p>\n Follow Us<\/strong> on Twitter and Facebook.<\/span><\/p>\n Disclaimer<\/strong>: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic\u2019s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.<\/p>\n -Advertisement-<\/p>\n<\/div>\n<\/div>\nSimilar Neutral Response<\/span><\/h2>\n
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