- Ripple CEO Brad Garlinghouse expects XRP to be included in the White House’s crypto reserves.
- Garlinghouse believes approval of XRP exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) could happen by the end of the year.
- The SEC is reviewing more than 11 XRP ETF filings, with Franklin Templeton’s application delayed until November.
- If approved, XRP ETFs may attract significant institutional investment and push the price higher.
- XRP’s price could exceed its all-time high of $3.65 if ETFs are approved, but could drop if applications are rejected.
Ripple CEO Brad Garlinghouse stated in a recent Bloomberg interview that he is confident about XRP being included in the White House‘s crypto holdings. He also said that approval of XRP exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) could happen before the year ends.
Garlinghouse described the launch of XRP ETFs as “inevitable.” The SEC currently has over 11 applications for XRP ETFs, including filings from Franklin Templeton, Bitwise, and Canary. The regulator delayed Franklin Templeton’s application until November.
In the interview, Garlinghouse said, “XRP ETFs are inevitable.” The article notes that if XRP is added to the White House’s crypto portfolio and ETF approval is secured, institutional investors could bring in billions of dollars. It also referenced how Bitcoin’s price surged after approval of its ETF, eventually rising above $100,000.
XRP’s value rose by about 3% on Thursday, hitting a daily high of $3.10. At the time, the cryptocurrency was consolidating in price, according to the article. Analysts suggest that if the SEC approves the ETFs and the White House recognizes XRP as part of its holdings, XRP could break its previous record high of $3.65.
However, the article also highlights risk for potential investors. If the SEC does not approve the ETF applications, the price could drop below $3 and possibly toward $2.50. The article advises investors to approach entry positions carefully, explaining that the outcome could go in either direction depending on regulatory decisions.
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