{"id":10881,"date":"2024-02-21T13:08:16","date_gmt":"2024-02-21T11:08:16","guid":{"rendered":"https:\/\/forklog.com\/en\/ripple-ceo-dispels-rumours-about-xrp-etf\/"},"modified":"2024-02-21T13:08:16","modified_gmt":"2024-02-21T11:08:16","slug":"ripple-ceo-dispels-rumours-about-xrp-etf","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ripple-ceo-dispels-rumours-about-xrp-etf\/","title":{"rendered":"Ripple CEO Dispels Rumours About XRP-ETF"},"content":{"rendered":"<p>Ripple &#8220;welcomes&#8221; the emergence of exchange-traded funds (ETFs) based on XRP, but has yet to disclose specific plans, stated the company&#8217;s CEO, Brad Garlinghouse, in an interview with Bloomberg.<\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/Jr660yDZlHU?si=Us84El1UY3y46KeO\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p>When asked about negotiations with asset manager BlackRock regarding the issuance of an ETF, the head of the firm responded:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;I will not comment on that. I know that BlackRock has publicly said some things. We think it makes sense for the community as a whole. Ripple is obviously a very important participant in the XRP ecosystem, but not the only one.&#8221; <\/p>\n<\/blockquote>\n<p>In November 2023, a fake news story emerged about BlackRock filing an application to launch an XRP-ETF. The management company denied the report and later filed a police report. <\/p>\n<p>Currently, there is no exchange-traded fund based on XRP in the United States. However, companies like CoinShares and 21Shares offer an asset-based <span data-descr=\"exchange-traded product\" class=\"old_tooltip\">ETP<\/span> in European markets.<\/p>\n<p>Speaking about an XRP-ETF, Garlinghouse expressed optimism, drawing parallels with the early days of the stock market when &#8220;diversification was key to risk management.&#8221; <\/p>\n<p>He views the approval of spot Bitcoin ETFs as a signal that courts are ready to challenge the anti-crypto policy of the U.S. Securities and Exchange Commission (SEC). <\/p>\n<p>Garlinghouse emphasized that Ripple&#8217;s legal victories against the regulator were a turning point and highlighted the need for clearer rules for the industry. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The SEC has consistently lost. It lost the Ripple case on all the issues that concerned them. [&#8230;] I think [enforcement regulation] will stop either when the agency realizes its failures or when you force Congress to step in and write new legislation [for digital assets],&#8221; concluded the Ripple CEO.<\/p>\n<\/blockquote>\n<p>Earlier, analysts from the company <a href=\"https:\/\/forklog.com\/en\/news\/ripple-predicts-significant-shifts-in-cryptocurrency-market-structure\">predicted<\/a> &#8220;significant shifts&#8221; in the cryptocurrency market structure in favor of institutional capital. <\/p>\n<p>Back in January, Garlinghouse <a href=\"https:\/\/forklog.com\/en\/news\/ripple-ceo-rules-out-ipo-amid-hostile-sec-environment\">stated<\/a> that Ripple had postponed plans for an <span data-descr=\"initial public offering\" class=\"old_tooltip\">IPO<\/span> in the U.S. due to the SEC&#8217;s &#8220;hostile&#8221; stance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple &#8220;welcomes&#8221; the emergence of exchange-traded funds (ETFs) based on XRP, but has yet to disclose specific plans, stated the company&#8217;s CEO, Brad Garlinghouse, in an interview with Bloomberg. When asked about negotiations with asset manager BlackRock regarding the issuance of an ETF, the head of the firm responded: &#8220;I will not comment on that. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1274,569,112],"class_list":["post-10881","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-brad-garlinghouse","tag-etf","tag-ripple"],"aioseo_notices":[],"amp_enabled":true,"views":"133","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=10881"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10881\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/10880"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=10881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=10881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=10881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}