Ripple CEO Brad Garlinghouse has indirectly confirmed to the XRP Army that XRP may be the next crypto ETF amid approval for Ethereum spot ETFs.
Garlinghouse gave this subtle hint via his reaction to a comment on his post celebrating the recent authorization of Ethereum spot ETFs. Notably, the U.S. regulator assented to eight Ethereum spot ETFs on Thursday, including BlackRock, Grayscale, VanEck, and Fidelity applications.
Taking to X, the Ripple CEO reflected on the significance of the SEC’s approval and the passing of the FIT21 crypto bill, describing the week’s events as momentous for the industry, akin to a “hell freezes over.”
Ripple CEO Agrees that XRF ETFs Next
Reacting to Garlinghouse’s remark, three XRP enthusiasts suggested that an XRP spot exchange-traded fund should follow the Ethereum-based ETFs. Interestingly, the Ripple CEO endorsed these suggestions by liking them.
Prominent XRP community pundit Zach Rector called attention to this development in a post on X. Rector sees the action aligning with Garlinghouse’s earlier commentaries that 2024 “will be big” for XRP.
