Ripple CEO Brad Garlinghouse Highlights Crypto ETF Milestones Amid XRP Futures Launch

Ripple CEO Brad Garlinghouse recently appeared on the “Crypto in One Minute” podcast to discuss the rising significance of crypto-based exchange-traded funds (ETFs). His appearance coincided with a major industry development—the launch of the first-ever XRP futures ETF on Nasdaq under the ticker XRPI by Volatility Shares. This came shortly after CME introduced its XRP futures product on May 19.

Garlinghouse emphasized two key reasons why crypto ETFs are generating excitement. First, he noted that for years, institutional investors—such as pension funds and mutual funds—were largely unable to gain direct exposure to cryptocurrencies. With the introduction of crypto ETFs, institutions can now easily invest in digital assets without relying on self-custody or centralized exchanges.

Second, Garlinghouse highlighted how ETFs are accelerating the institutionalization of the crypto space. He pointed out the historic growth of the Bitcoin ETF, calling it the fastest to reach $1 billion in assets under management. It surpassed the $10 billion mark faster than any ETF in history. Garlinghouse believes the Bitcoin ETF may eventually rival the gold ETF in terms of popularity and scale.

Meanwhile, XRP continues to experience price fluctuations. Following a sharp 7% drop from $2.47 to $2.29, the token has slightly rebounded, now trading at $2.34. The SEC has also delayed a decision on CoinShares’ proposed spot XRP ETF, adding to investor anticipation.

With new products like the Tectrium 2x Long Daily XRP ETF already in the market and institutional demand rising, crypto ETFs—especially those tied to XRP—could reshape the digital asset landscape in 2025 and beyond.