Ripple CEO Garlinghouse Slams SEC as XRP ETFs Gain Traction

The cryptocurrency market witnessed a considerable boost in institutional interest as prominent financial firms, including Bitwise Invest, Canary Funds, and 21Shares, filed S-1 forms for XRP Exchange-Traded Funds (ETFs). This move underscores the growing confidence in XRP as a viable investment asset.

The Q3 2024 XRP Markets Report has been released, highlighting noteworthy achievements and strategic partnerships over the past quarter. One of the standout milestones was the launch of the ETH ETF, which has garnered substantial attention and investment from the market.

Grayscale’s Strategic Moves – Major Financial Players Bet on XRP

Adding to the momentum, Grayscale has launched an XRP Trust and filed to convert its multi-asset fund, which includes XRP, into an ETF. These strategic moves by Grayscale highlight the increasing demand for diversified crypto investment products.

The message from the market is clear – institutional interest in XRP products is stronger than ever. @BitwiseInvest, @CanaryFunds, and @21Shares (just this morning!) filed S-1s for XRP ETFs while @Grayscale launched an XRP Trust and filed to convert its multi-asset fund,… https://t.co/d5Icksw4Sj

— Brad Garlinghouse (@bgarlinghouse) November 1, 2024

Ripple CEO Criticizes SEC’s Stance

Ripple CEO Brad Garlinghouse took to Twitter to express his views on the SEC’s ongoing legal battles with the cryptocurrency industry. He stated, “The SEC’s war on crypto has lost battle after battle – their continued disregard for the court’s authority will further erode the SEC’s credibility and reputation.”

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