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.
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.
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 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.
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