Ripple CEO Bullish on XRP ETF: A Boost for the Community? The buzz around
ETFs is growing louder in the crypto world, and Ripple's Brad Garlinghouse sees potential for an
XRP ETF. Speaking to Bloomberg TV, he expressed his belief that it would be a positive move for the
XRP community.
While rumors of talks with BlackRock swirled, Garlinghouse remained tight-lipped. However, it's worth noting that a false report about an XRP ETF from BlackRock caused quite a stir in the market not too long ago.
The idea of an XRP ETF has been brewing for a while. Ripple even advertised for a role focused on driving
cryptocurrency-related ETF initiatives. But skeptics like Fox Business' Eleanor Terrett argue that a futures ETF might need to come first.
Unfortunately, XRP hasn't been faring well lately, with losses stacking up. It's the only major asset in the red this month, which has deterred some big investors from accumulating more.
As Santiment's data shows a decline in holdings among larger addresses, it seems whales aren't diving into XRP just yet. And with more bearish bets being placed by derivatives traders, caution remains in the air.
While an XRP ETF could be an exciting prospect for the community, it's clear that challenges lie ahead for this digital asset.
