The post Ripple CEO Brad Garlinghouse Breaks Silence as XRP Becomes Fastest Spot ETF to Hit $1B appeared first on Coinpedia Fintech News
XRP Spot ETFs have crossed $1 Billion in assets under management, making XRP the fastest crypto Spot ETF to reach the milestone in the United States since Ethereum. Canary, Grayscale, Bitwise, and Franklin are driving most of the activity, with steady demand coming from institutional desks.
ETF inflows show strong interest from long term buyers who are adding XRP to regulated portfolios. This new pool of capital is expanding even as spot market sentiment remains mixed.
Garlinghouse Says Demand Is Only Getting Started
Ripple CEO Brad Garlinghouse said the pace of growth points to a larger shift. He said that more than forty crypto ETFs have launched in the United States this year, showing how much pent up demand exists for regulated crypto exposure.
He added that Vanguard’s decision to open its retirement and trading accounts to crypto ETFs means millions of Americans can now access digital assets without needing deep technical knowledge.
Garlinghouse said longevity, stability, and community are becoming key themes for this new wave of “offchain” crypto holders who prefer simple investment products instead of direct token management. XRP’s track record is helping it stand out among recent ETF launches.
“There’s pent up demand for regulated crypto products, and with Vanguard opening up access in traditional retirement / trading accounts for Americans..crypto is now accessible to millions more people who don’t need to be experts in the technology,” he wrote on social media.
Supply Tightens as Investors Accumulate
Institutional interest is also affecting supply. As ETF issuers continue to buy XRP to meet inflow demand, circulating supply on exchanges is slowly tightening. The token has held close to the $2 level for several sessions, which analysts say could set the stage for a supply shock if buying pressure continues.