Advertise
Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
- May 31, 2024 06:32 UTC
-
XRP, Solana, Cardano ETFs Are Coming! Ripple CEO Predicts Greenlight in 2024
Garlinghouse forecasts regulatory greenlight for major crypto ETFs, including XRP, Solana, and Cardano.
CEO anticipates ETF approval as a catalyst for substantial growth in cryptocurrency market.
Garlinghouse critiques SEC's unclear crypto rules, advocating for improved regulatory clarity.
This could be some truly game-changing news for crypto investors!
Ripple CEO Brad Garlinghouse is making waves with his bold predictions about the future. He’s hinting at the possibility of groundbreaking ETFs for major cryptocurrencies like XRP, Solana, and Cardano.
Could 2024 be the year the SEC greenlights these groundbreaking ETFs?
Dive deep into this article to find out what the future holds.
Building on Bitcoin and Ethereum’s Success
With the recent approvals of spot Bitcoin (BTC) ETFs and progress toward Ethereum (ETH) ETFs, Garlinghouse is confident that ETFs for other major cryptocurrencies are coming soon.
Recent developments for ether ETFs have been surprising, with key filings receiving preliminary approval from the SEC. Final approval is still needed before these ETFs can begin trading. Earlier, Coinpedia reported that Cathie Wood, CEO of ARK Invest, credited the approval to the growing political importance of cryptocurrency.
A Market Surge on the Horizon?
Garlinghouse’s predictions do not stop at ETF approvals. He also expects a significant increase in the overall value of the cryptocurrency market. The Ripple CEO also predicted crypto value would double by the end of 2024, reaching $5 trillion in market cap.
Such a surge would highlight the increasing adoption and investment in cryptocurrencies, making them a key asset class in the global financial system.
The Big Question: Will the SEC Approve in 2024?
The recent approval of Bitcoin and Ethereum ETFs has set a precedent, suggesting that other cryptocurrencies might soon follow. However, the SEC’s strict regulatory framework means that the approval process for XRP, Solana, and Cardano ETFs might still face several challenges.
If the SEC does approve these ETFs, it could have significant implications for the crypto market. This move could further legitimize digital assets and speed up their adoption, making 2024 a potentially transformative year for cryptocurrencies.
Is the SEC finally warming up to crypto ETFs? Weigh in on the discussion.
Also Check Out : Despite Ban, China’s Crypto Market Booms as Investors Seek ‘Safe’ Alternatives
Yes 
No 
