Today is expected to be a significant day for XRP, as the first US XRP ETF is expected to be approved today.
While critical news from XRP awaited, the important statement came from Ripple CEO Brad Garlinghouse.
Speaking to Bloomberg, CEO Ripple said the XRP ETF approval was only a matter of time and that XRP could be added to the White House reserves.
Ripple CEO Brad Garlinghouse said approval for the XRP Spot ETF is inevitable, and that XRP could soon be included in the US government’s digital asset stockpile.
“XRP will become part of the cryptocurrency stockpile along with other major cryptocurrencies.
With these, XRP is now considered merely a trading asset, but is considered a reliable cryptocurrency for institutional use. ”
Garlinghouse emphasized that adding XRP to US digital inventory reflects increased reliability in XRP stability and its role in the global financial system.
Garlinghouse said it expects the XRP Spot ETF to be launched by the end of the year, noting that the U.S. Securities and Exchange Commission (SEC) is currently considering filing applications from key asset managers such as Franklin Templeton and Bitwise.
“Acknowledgement of the XRP ETF is inevitable. This ETF will allow large investors to safely enter the XRP market, providing investors with a way to invest in a safer, regulated XRP.”
The growing debate on future ETFs, including XRP, is seen as an indication that digital assets are increasingly accepted in the mainstream financial system.
*This is not investment advice.
