- Garlinghouse discussed the rise of crypto ETFs and their impact on institutional investment.
- Crypto ETFs offer Wall Street institutions direct access to crypto, simplifying trading.
- XRP’s future ETFs and Bitcoin ETF success show increasing institutional crypto adoption.
Brad Garlinghouse, the CEO of Ripple, recently spoke on the “Crypto in One Minute” podcast about the benefits of crypto exchange-traded funds (ETFs). This event takes place only a few days after the first XRP futures ETF made its launch on the Nasdaq exchange. Garlinghouse discussed the advancements happening in the industry and explained how crypto ETFs are changing it.
Why Crypto ETFs are Gaining Momentum?
The Ripple CEO points out two important reasons why there is so much interest in crypto ETFs in the market. Institutional investors on Wall Street have not been able to deal with crypto assets directly. Those who traded crypto before ETFs had to store their coins themselves or go through centralized platforms. Now, because of ETFs, buying and selling crypto assets has become much easier.
The second point Garlinghouse stressed is the rising participation of institutions in crypto. He highlighted the milestone of the Bitcoin ETF, noting it reached $1 billion in assets more rapidly than any other ETF and reached $10 billion in record time. Garlinghouse predicts that Bitcoin ETFs will eventually attract as much institutional interest as gold ETFs.
XRP Futures ETFs Mark Crypto Milestone
This week, Volatility Shares introduced the first XRP futures-based ETF on Nasdaq under the ticker XRPI. This achievement followed the launch of XRP futures by CME on May 19. In 2017, CME was among the first to introduce Bitcoin futures to institutions, which made way for new crypto products.
In April 2025, Tectrium launched the Tectrium 2x Long Daily XRP ETF, a leveraged product backed by XRP. This move further signals how crypto-based financial instruments are steadily entering the mainstream market, offering investors more diverse exposure to digital assets.
Related: One Week After Settlement Snag, Ripple And SEC Yet To File Correction As XRP Market Waits
Nevertheless, this week, the SEC pushed back the application for a spot XRP ETF from CoinShares. The launch of new crypto ETFs continues to be held back by difficulties with regulation. Regardless, more banks and other institutions are choosing to get involved with crypto.
As of press time, XRP is trading at $2.34, showing a 4.30% decline over the past day. Despite the increased involvement of institutions, the market is still unstable.
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