The chief executive of payments platform Ripple says that it would “make sense” if exchange-traded funds (ETF) centered around XRP and other digital assets were created.
In a new interview with Bloomberg, Ripple Labs CEO Brad Garlinghouse predicts that a new wave of crypto investment products will appear in the future.
“I think it makes sense that there will be other ETFs. It’s sort of like the earliest days of the stock market – you don’t really want exposure to one stock, or one company, you want to typically think about diversifying risk and what have you. I think we will see other [crypto] ETFs.
When we will see them is hard to predict. The sad reality of what we saw with the Bitcoin ETF is [it happened] only because the courts forced the SEC’s hand, and really [SEC Chair] Gary Gensler’s hand.”
According to Garlinghouse, Ripple’s…
