Ripple CEO Brad Garlinghouse said that “it only makes sense” to have different ETFs as investors would want to diversify their risks.
Brad Garlinghouse, the CEO of Ripple, said in an interview with Bloomberg that the company would “welcome” an exchange-traded fund (ETF) based on the XRP (XRP) token.
On Feb. 20, Garlinghouse shared the company’s stance on a potential XRP ETF. The CEO highlighted that they “would certainly welcome it.” The executive also said that it is inevitable that there will be multiple ETFs around different tokens. Furthermore, Garlinghouse also predicted that the space would see ETFs around baskets, which the executive believes will “diversify the risks” for investors.
The CEO said that “it only makes sense” to have other ETFs. He even compared the current situation with the spot Bitcoin ETFs to the early days of the stock market. Garlinghouse believes that investors do not want to be exposed to a single stock only but want to diversify their investments.
