Ripple CEO Brad Garlinghouse Sparks Speculation on XRP ETF Approval

Ripple CEO's Projections

Ripple CEO Brad Garlinghouse’s 2024 comments on XRP ETFs have resurfaced, reigniting discussions on the potential approval of XRP-based exchange-traded funds. Garlinghouse predicted that the ETF market would expand beyond Bitcoin and Ethereum, potentially including "basket" ETFs that hold multiple tokens. He emphasized the inevitability of such products, foreseeing increased demand for XRP and other digital assets. This has fueled speculation on the future of XRP in the institutional investment landscape [1].

Market Speculation and Uncertainty

Analysts note that ETF speculation historically influences XRP prices, with institutional interest in XRP-linked products signaling growing confidence in the token. However, regulatory delays and uncertain approval timelines pose significant risks for token-linked products. While major firms like BlackRock are speculated to lead XRP ETF filings, no official submissions have been confirmed as of August 2025. Legal experts caution that extended SEC review periods for token ETFs underscore the complex regulatory landscape surrounding XRP's institutional adoption trajectory [3].

Regulatory Challenges and Market Impact

The uncertainty surrounding XRP ETF approval timelines, particularly for tokens beyond Bitcoin and Ethereum, remains a key concern. With the SEC extending review periods for such products, the political and regulatory environment under the current administration could significantly influence the pace of decisions. While Garlinghouse's 2024 projections reflect Ripple's optimism about XRP's inclusion in ETFs, the ultimate realization of these expectations hinges on regulatory rulings and broader market conditions [4]. The industry awaits further developments to gauge the impact of potential XRP ETF approvals on market sentiment and investor behavior.