Ripple CEO: "XRP-ETF applications will attract more capital"

While the SEC is acting again, Ripple CEO Garlinghouse remains optimistic. Recent ETF filings could boost XRP's share price.

Recently, the U.S. stock market watchdog SEC announced that it is appealing the long-running lawsuit against Ripple Labs. For Ripple CEO Brad Garlinghouse, however, this is not a major cause for concern. In a new interview he gives a very positive outlook on the future, especially because of the new ETF filings: "It will attract more capital to the XRP ecosystem, and also bring more capital to the crypto world."

In early October, two investment firms, Bitwise and Canary Capital, unexpectedly submitted applications for spot ETFs to represent the Ripple token (XRP). "I was surprised by the timing, but not by the result. When Bitcoin ETFs came to market in January, I said publicly that it was only a matter of time before we would also see Ether ETFs, Solana ETFs and XRP ETFs," explains Garlinghouse.

So far, however, this positive news is not reflected in the XRP price. At the time of writing, the Ripple token stands at $0.547, which is only up 1.1 percent from the previous week.

Garlinghouse does not seem to care about this. About the SEC, he notes dryly, "The SEC is acting outside the law." Indeed, a U.S. federal judge has already definitively determined that XRP is not a security.

Meanwhile, in addition to XRP, Ripple is also focusing on another token project. A few days ago, the company announced the launch of the stablecoin RLUSD (Ripple USD) and announced a partnership with several crypto exchanges. Garlinghouse thinks USDC will continue to grow and USDT will not disappear, but he sees an opportunity: "It is a piece of a bigger picture. There is an opportunity for Ripple to be active in this market."