Ripple CEO Reveals the Shocking Truth About Crypto ETFs! 😲

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In a most delightful turn of events, Mr. Brad Garlinghouse, the esteemed chief executive of the Ripple blockchain enterprise, has graced the airwaves with his presence on the podcast titled “Crypto in One Minute.” Here, he has taken it upon himself to elucidate the thrilling nature of crypto-based exchange-traded funds, which, as one might imagine, hold a certain significance in the ever-evolving realm of cryptocurrency.

This charming discourse was made public shortly after the momentous occasion of the inaugural XRP futures ETF making its grand debut upon the illustrious Nasdaq exchange. One can only imagine the excitement that must have ensued! 🎉

Garlinghouse on what makes crypto ETFs “exciting”

In his brief yet impactful oration, lasting a mere minute, Mr. Garlinghouse identified two principal reasons for the fervor surrounding the launch of crypto ETFs, set to commence in January 2024. Firstly, it appears that for an extended period, the institutional investors of Wall Street have found themselves in a rather vexing predicament, unable to directly access crypto assets for trading or investment. They were left to navigate the treacherous waters of self-custody options or to entrust their fortunes to centralized exchanges, which, as one might surmise, is hardly the most reassuring of choices.

First time, but certainly not the last on @Ripple’s Crypto in One Minute!

— Brad Garlinghouse (@bgarlinghouse) May 23, 2025

At long last, these financial institutions can now engage in the direct trading of crypto, whether they be endowments, pension funds, or mutual funds. How splendid it is that they can now partake in this venture with such ease, all thanks to the advent of crypto ETFs!

The second point of note, as articulated by Mr. Garlinghouse, is that the introduction of these ETFs is, in fact, “institutionalizing the entire industry of crypto.” He reminded his audience that the Bitcoin ETF achieved the remarkable feat of being the swiftest ETF in history to amass $1 billion in assets, and it gallantly surpassed the $10 billion threshold faster than any other ETF ever conceived. One must applaud such ambition! 👏

Mr. Garlinghouse is of the opinion that the Bitcoin ETF shall, in due course, “eventually close in on the gold ETF.” Such lofty aspirations indeed!

First-ever XRP futures ETF goes live

Earlier this week, the prominent investment firm Volatility Shares unveiled the first-ever XRP futures ETFs on the Nasdaq exchange, under the rather catchy ticker of XRPI. This launch followed closely on the heels of the CME exchange’s introduction of an XRP-futures product on May 19. It is worth noting that in 2017, the CME and CBOE were the pioneers in launching Bitcoin futures for the discerning financial institutions.

Not long before this, the inaugural XRP-based product, the Tectrium 2x Long Daily XRP ETF, was rolled out by Tectrium, much to the delight of many.

As we look forward to the launch of Bitcoin spot ETFs in January 2024, it is noteworthy that BlackRock and several other illustrious companies had previously released Bitcoin futures ETFs a few years prior.

In a rather unfortunate turn of events, it has been reported that the SEC has chosen to delay a spot XRP ETF filing from CoinShares. Alas, the trials and tribulations of the crypto world continue!

In the past 24 hours, XRP has experienced a rather dramatic decline of over 7%, plummeting from $2.47 to $2.29. However, it appears that the coin has managed to partially recover, adding a modest 2.08% and now exchanging hands at $2.34. Such is the unpredictable nature of this market! 😅

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2025-05-24 10:49