Ripple CEO Brad Garlinghouse comments on the increasing institutional interest in XRP after asset manager 21Shares filed for an XRP ETF. The proposed ETF, called 21Shares Core XRP Trust, aims to give investors indirect exposure to XRP's spot price. Coinbase Custody Trust Company will serve as the custodian of the fund's underlying asset. Garlinghouse also mentions other companies, such as Canary Capital and Bitwise, that have submitted similar filings. He highlights the growing institutional interest in XRP and criticizes the SEC's unsuccessful enforcement actions against the crypto industry. Despite the SEC's appeal of the court ruling stating that XRP is not a security, companies continue to pursue XRP ETFs. One unnamed CEO demonstrates a rebellious stance against the SEC's regulatory obstacles.



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