Editor's PiCK
Ripple CEO: "Crypto Asset ETFs, a Bridge Connecting Traditional Finance and the Industry"
Summary
- Brad Garlinghouse, Ripple CEO, evaluated that crypto asset ETFs serve as a bridge connecting traditional finance and the crypto asset industry.
- He emphasized that crypto asset ETFs facilitate institutional investors' market entry, serving as a gateway to the mainstream.
- According to Polymarket, the probability of an XRP spot ETF being approved this year is 83%.
Brad Garlinghouse, Ripple CEO, evaluated that crypto asset (cryptocurrency) spot Exchange-Traded Funds (ETFs) serve as a bridge connecting traditional finance and the industry.
On the 25th (local time), Brad Garlinghouse, Ripple CEO, stated on YouTube, "Crypto asset ETFs are a gateway for institutional investors to enter the market," and "they are acting as a bridge connecting traditional finance and the crypto asset industry." He further added, "Through this, the crypto asset industry can enter the mainstream," and "existing institutional investors are beginning to recognize crypto assets as a 'legitimate asset class' like gold."
Meanwhile, according to the decentralized prediction platform Polymarket, the probability of an XRP spot ETF being approved this year is 83%.
As of 7:28 PM, XRP is trading at $2.2908, down 2.57% from 24 hours ago, based on the Binance USDT market.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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