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Ripple CEO: "Crypto Asset ETF, a Bridge Connecting Traditional Finance and the Industry"
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- Brad Garlinghouse, Ripple CEO, evaluated that crypto asset ETFs serve as a bridge between traditional finance and the industry.
- CEO Garlinghouse stated that institutional investors have started to recognize crypto assets as a 'legitimate asset class' like gold.
- According to Polymarket, the probability of approval for an XRP spot ETF this year reaches 83%.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Brad Garlinghouse, CEO of Ripple, stated that spot Exchange Traded Funds (ETFs) for crypto assets (cryptocurrencies) serve as a bridge connecting existing finance and the industry.
On the 25th (local time), Brad Garlinghouse, Ripple CEO, said on YouTube, "Crypto asset ETFs are a gateway for institutional investors to enter the market," adding that "they act as a bridge connecting traditional finance and the crypto asset industry." He continued, "Through this, the crypto asset industry may be able to enter the institutional framework," and explained, "Traditional institutional investors have begun to recognize crypto assets as a 'legitimate asset class' like gold."
Meanwhile, according to the decentralized prediction platform Polymarket, the probability of an XRP spot ETF being approved this year has reached 83%.
As of 7:28 p.m., XRP is trading at $2.2908 on the Binance USDT market, down 2.57% from 24 hours ago.
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