Ripple CEO Brad Garlinghouse has expressed optimism about the potential launch of ETFs for XRP, Solana, and Cardano, especially following the SEC's approval of Ethereum ETFs. While acknowledging that these ETFs could face regulatory hurdles similar to those encountered by Bitcoin and Ethereum ETFs, Garlinghouse is confident that these challenges will eventually be overcome.

Speed Bumps

Garlinghouse referred to regulatory delays as "speed bumps" on the road to broader cryptocurrency adoption. He believes that the approval of ETFs for XRP, Solana, and Cardano would significantly benefit the cryptocurrency market. In an interview, he mentioned that Ripple is open to the idea of launching an XRP ETF, emphasizing that ETFs for various cryptocurrencies would help investors diversify and attract more participants to the market.

However, he expressed concerns about the uncertainties regarding Ethereum's classification as a security and criticized the lack of clear regulatory guidance from authorities like SEC Chairman Gary Gensler.

Other Cryptocurrencies Could Have ETFs by 2025

Experts, including Geoffrey Kendric from Standard Chartered, anticipate that XRP and Solana ETFs might be launched after 2025. The approval of Ethereum ETFs has fueled speculation about similar products for other cryptocurrencies, signaling growing acceptance and integration of crypto assets into traditional financial markets.

While Garlinghouse remains hopeful about the future of XRP, Solana, and Cardano ETFs, their realization depends on companies submitting applications, which currently focus on spot Ethereum ETFs. The evolving dynamics of the cryptocurrency market could lead to the introduction of ETFs for other cryptocurrencies, marking a significant step towards their broader adoption.