Brad Garlinghouse Unveils XRP Futures and ETFs Set for CME and Nasdaq Debut
Since Ripple’s victory in its lawsuit against the SEC, XRP Futures and ETFs have been a popular cryptocurrency during this bull cycle. As XRP holders wait amiably for a parabolic pump, all eyes are now on Ripple and its crew. Brad Garlinghouse, CEO of Ripple, emphasized the introduction of XRP Futures and ETFs on CME and Nasdaq earlier this week amid the commotion. Will the next XRP price pump be explosive?
Brad Garlinghouse, CEO of Ripple, Highlights the Most Recent Launch
The Ripple team has been extraordinarily strong, resilient, and optimistic about their mission during the entire journey, even though Ripple has likely faced the most difficult challenges when compared to other cryptocurrency blockchains. For example, Ripple and XRP were involved in a protracted dispute with the SEC that lasted for seven years. The moment has now arrived for the blockchain and altcoin to reclaim what is rightfully theirs.
In particular, the SEC’s designation of XRP as a security was at the heart of most of the disputes. However, a seven-year trial was held because Ripple was adamant that XRP was not a security. This indicates that XRP’s price was reduced during its peak.
The price range of $3 was where XRP established its all-time high two cycles ago. The SEC’s unrelenting pursuit of nothing caused this asset, which was expanding gradually alongside Bitcoin and Ethereum, to be struck down.
Additionally, this indicates that the SEC’s disinformation and skepticism prevented the price of XRP from pumping to new highs, let alone back to its former peak during the last bull cycle. When the judge decided that Ripple’s XRP was not a security, the inevitable light finally shone on the cryptocurrency. Since then, XRP’s price has increased dramatically twice, approaching its previous all-time high of $3.
Brad Garlinghouse,Introduction of XRP ETFs and Futures
As a result of Ripple and XRP’s recent victories, analysts now anticipate that XRP’s price will rise sharply, regain its former all-time high, and then rise to even greater bull targets in the upcoming months. Most recently, during this week, XRP and Ripple celebrated the debut of XRP Futures and ETFs on CME and Nasdaq. This is an obvious indication of a developing market and growing interest in cryptocurrencies.
Brad Garlinghouse, the CEO of Ripple, explains in 60 seconds why ETFs are interesting, as we can see from the post above. He gives two particular explanations. First of all, organizations are purchasing cryptocurrency in large quantities in order to remove the obstacles to comprehending how cryptocurrency exchanges operate and to provide the general public with access to cryptocurrency in a number of ways. The second is institutionalizing the entire cryptocurrency experience, demonstrating that promising assets like gold are recognized alongside cryptocurrencies.
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