- Garlinghouse views the XRP ETF is essential and inevitable for crypto adoption.
- Fink’s remarks fuel speculation about Blackrock’s possible XRP ETF.
In his interview with Consensus 2020, Ripple Brad Garlinghouse, CEO of XRP said an XRP ETF is inevitable. He stated that the approval of similar funds for many crypto assets is just a matter time.
Garlinghouse’s comments show a growing trust in digital assets’ acceptance and integration into the traditional financial market.
Crypto Market Growth
Garlinghouse expressed optimism for the future of crypto, saying it’s on the path to a valuation of $5 trillion. Recently, spot Bitcoins and Ethereum were approved. Ether ETFs Part of this optimistic outlook is due to the fact that he sees the United States as a significant landmark in the acceptance of crypto.
Garlinghouse reiterated that, in his view, the crypto sector can be a great place for a diverse range of projects and project winners. He also pointed out the fact that diverse ventures may prosper by concentrating on the various Decentralized Finance (DeFi), and Digital Asset industries.
Larry Fink discusses XRP ETF
Blackrock CEO Larry Fink had been questioned in a previous interview by Fox Business about an ETF for XRP from the largest asset manager. In a prior interview with Fox Business, Blackrock CEO Larry Fink was questioned about the prospect of an XRP ETF from the world’s largest asset management firm. Blackrock Fink said he could not discuss the XRP ETF, a statement that sparked speculation within the XRP Community.
Fink’s statement, which was non-committal in nature, has fuelled rumors about Blackrock possibly exploring the possibility of an XRP exchange traded fund. The crypto community is excited and expectant of this potential move from a major entity such as Blackrock.
The crypto ETFs allow institutional investors to gain exposure to digital assets and cryptocurrencies without having to actually hold them. It is important to note that digital assets, a new asset class with a high level of technicality, can be a challenge for investors.
What are the challenges for traditional investors?
Most traditional investors find it difficult to grasp the technical characteristics of digital assets. Bitcoin transactions are complex, compared to established markets like stock exchanges and bond markets.
Lack of regulatory clarity is also a major barrier in the United States for individuals and institutions to access the nascent digital asset market.
ETFs are a highly-regulated way for investors to benefit from digital assets, without having to deal with the challenges associated with digital asset management.
XRP market data
CoinMarketCap reports that the current price of XRP is approximately $0. $0.5199After a slight decline by 0.23% Over the past 24 hours. Over the course of last week, XRP showed a trend that was bearish, with XRP dropping by 3.34%. CNF had previously published Ripple’s denial of the SEC’s XRP, past sales and contracts.
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Source: www.crypto-news-flash.com
