Ripple CEO Brad Garlinghouse Forecasts US XRP ETF Launch in 2024 Post-SEC Legal Clarity

Ripple CEO Brad Garlinghouse made waves this week by announcing that multiple XRP exchange-traded funds (ETFs) are set to launch in the U.S. market later this year. Speaking in a Bloomberg Crypto interview, Garlinghouse expressed strong optimism about the ETFs' approval, citing the recent resolution of the Securities and Exchange Commission's (SEC) legal battle with Ripple as a turning point. "I have immense confidence in the ETF," he stated, highlighting growing momentum for XRP-related financial products.

The SEC is currently reviewing several XRP ETF applications, including spot, leveraged, and inverse strategies. Asset management giant Franklin Templeton, which recently entered the race, is among the key players vying for regulatory approval. Garlinghouse predicted these funds could go live as early as the second half of 2024, pointing to strong investor interest in XRP-based exchange-traded products (ETPs) outside the U.S. Despite broader outflows in crypto ETFs, international XRP ETPs have seen consistent inflows—a trend Garlinghouse attributes to the lifting of regulatory uncertainty. "The SEC's pressure created a false negative narrative," he remarked. "Now that's fading, and the market is responding."

The market reaction to the SEC-Ripple case's resolution was swift and dramatic. XRP surged 14% following the news, briefly hitting $2.57, according to real-time data. On prediction platform Polymarket, the likelihood of an XRP ETF gaining approval by 2025 skyrocketed to 86%, reflecting renewed optimism among traders.

Garlinghouse also touched on the U.S. government's plans to manage a crypto asset stockpile, which includes seized XRP holdings. Under a 2020 executive order signed by former President Donald Trump, federal agencies must audit and report their digital asset inventories, including cryptocurrencies confiscated through law enforcement actions. While Bitcoin will anchor a separate strategic reserve, other seized assets like XRP, Ethereum, Solana, and Cardano will form part of a broader national stockpile. These holdings could eventually be sold under Treasury Department guidelines.

Though the inclusion of specific cryptocurrencies initially sparked speculation, White House AI and crypto advisor David Sacks clarified that the selections were based purely on market capitalization rankings. With regulatory hurdles easing and institutional interest growing, Garlinghouse's bullish outlook for XRP appears increasingly grounded—and the crypto community is watching closely. ?