A Surge in Crypto ETFs Anticipated in 2024
Brad Garlinghouse, CEO of Ripple, foresees an increase in cryptocurrency ETF approvals in 2024, especially in the wake of the SEC’s recent green light for a spot Bitcoin ETF.
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Brad Garlinghouse, CEO of Ripple, foresees an increase in cryptocurrency ETF approvals in 2024, especially in the wake of the SEC's recent green light for a spot Bitcoin ETF.
During his speech at the World Economic Forum in Davos, he speculated that an Ethereum ETF is likely to receive approval. However, he chose not to offer an opinion on the potential for an XRP ETF.
Garlinghouse also offered a critique of SEC Chairman Gary Gensler's approach, which has been somewhat altered in response to judicial rulings. It's worth noting that Grayscale's legal victory against the SEC was a key factor in the eventual approval of spot Bitcoin ETFs.
The head of Ripple highlighted the critical need for regulatory clarity. He pointed out the regrettable scenario where every ETF might have to navigate the same challenging path that the spot Bitcoin ETF did, involving multiple attempts and legal hurdles.
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