Ripple CEO Predicts Increased Interest in XRP ETF Applications

Ripple ‘s CEO, Brad Garlinghouse, expressed optimism about the potential for other asset managers to apply for XRP ETFs following Bitwise’s submission of its S-1 form for the Bitwise XRP ETF. He emphasized the significance of this development for the adoption of XRP, particularly within traditional finance.

Ripple CEO: More Applications Expected

Garlinghouse highlighted the importance of the XRP application, referencing the approval of Spot Bitcoin and Ethereum ETFs earlier this year. He firmly believes that the XRP ETF will eventually become a reality, given the earlier declaration by Analisa Torres stating that XRP is not a security on its own.

Bitwise Files S-1 Form for XRP

Bitwise CEO Hunter Horsley remarked on this development, stating that they believe blockchains will introduce new, policy-free money and permissionless applications for the 21st century.

Horsley added that they have been facilitating access to opportunities in this space for investors over the past seven years and are excited to continue this effort with their Bitwise XRP ETP application.

The S-1 filing by Bitwise is also significant for Ripple’s CEO and the company. It may encourage institutional investors to view XRP as a commodity rather than a security. However, approval of the Bitwise XRP ETF and other potential applications will depend on whether the SEC adopts this perspective.