CandleFocus Ripple CEO Reacts to XRP’s Massive Milestone
2024-09-12
Author: Content Editor
Grayscale has announced the launch of an XRP trust, which has surprised Ripple CEO Brad Garlinghouse. He expressed his surprise on social media with the help of a humorous GIF. The launch of the trust may be a step towards eventually launching an XRP exchange-traded fund (ETF). Following the news, the price of XRP has increased by over 5%. Garlinghouse has previously stated that the launch of such a product was inevitable and drew parallels between crypto and precious metals. Grayscale had previously removed XRP from its large-cap fund but has since reinstated it. Grayscale believes that XRP has the potential to transform the traditional financial infrastructure.
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