Ripple首席執行官Brad Garlinghouse解釋了為什麼加密貨幣ETF對機構投資者來說是關鍵的

商人的見解是在納斯達克第一個XRP期貨ETF以及美國證券交易委員會（SEC）的持續監管延誤的最新推出中。

Ripple CEO Brad Garlinghouse has highlighted why cryptocurrency exchange-traded funds (ETFs) are pivotal for both Wall Street and institutional investors, especially as the first XRP futures ETF launches on Nasdaq.

Ripple首席執行官布拉德·加林豪斯（Brad Garlinghouse）強調了為什麼加密貨幣交易所貿易資金（ETF）對華爾街和機構投資者都是關鍵的，尤其是在納斯達克島上第一個XRP期貨ETF推出時。

The businessman’s insights come amid the latest development in the crypto ETF sphere, with the first such fund in the U.S. focused on XRP.

商人的見解是在加密ETF領域的最新發展中，美國的第一個基金集中在XRP上。

Earlier on Friday in Ripple’s “Crypto in One Minute” series, Garlinghouse explained two key reasons why crypto ETFs are a big deal.

週五早些時候，加林豪斯（Garlinghouse）在Ripple的“ Crypto一分鐘”系列中解釋了加密ETF的兩個關鍵原因。

First, he said that ETFs finally provide institutional investors such as pension funds, endowments, and mutual funds with a streamlined, regulated way to gain cryptocurrency exposure.

首先，他說，ETF最終為養老基金，捐贈基金和共同基金等機構投資者提供了一種流線，受監管的方法，以獲得加密貨幣的暴露。

Previously, their options were limited to self-custody or trading on centralized exchanges, both of which have drawbacks and regulatory complexities.

以前，他們的選擇僅限於自我客戶或集中式交易所交易，這兩種交易所都具有缺點和法規複雜性。

“For the longest time, institutional investors really haven’t been able to access crypto directly. This is an unlock for capital that couldn’t come in before.”

“在最長的時間裡，機構投資者確實無法直接訪問加密貨幣。這是以前無法進入的資本的解鎖。”

He added that ETFs allow institutional players to trade crypto assets through familiar Wall Street mechanisms, thus bridging the traditional financial world and the emerging crypto ecosystem. This increased accessibility could bring substantial new capital inflows to digital assets.

他補充說，ETF允許機構參與者通過熟悉的華爾街機制來交易加密資產，從而彌合了傳統的金融世界和新興的加密生態系統。這種提高的可訪問性可能會給數字資產帶來大量的新資本流入。

Second, the pundit said that ETFs are “institutionalizing” the crypto market. He noted the remarkable success of Bitcoin ETFs, which set records as the fastest ETFs to reach $1 billion and subsequently $10 billion in assets under management.

其次，專家們說，ETF正在“制度化”加密市場。他指出，比特幣ETF取得了巨大的成功，該公司將記錄定為最快的ETF達到10億美元，隨後在管理中的資產100億美元。

“We’ll eventually close in on the gold ETF,” he added, highlighting the accelerating mainstream adoption of crypto investment vehicles.

他補充說：“我們最終將關閉黃金ETF。”他強調了加密投資工具的主流採用。

Garlinghouse’s remarks come as significant developments unfold in the crypto ETF landscape. On May 19, 2025, CME Group launched XRP futures contracts, a pivotal moment for XRP’s institutional adoption. On its first day, the launch saw over $19 million in trading volume, exceeding expectations and highlighting strong institutional demand.

加林豪斯（Garlinghouse）的言論是在加密ETF景觀中發生的重大發展。 2025年5月19日，CME集團啟動了XRP期貨合約，這是XRP機構採用的關鍵時刻。在第一天，推出的交易量超過1900萬美元，超出了預期，並強調了機構需求。

Following this, on Thursday, May 22, Volatility Shares launched the first-ever XRP futures ETF in the United States, which is now listed on Nasdaq with the ticker XRPI. This ETF primarily invests in XRP-linked futures contracts, providing institutional investors with an additional regulated pathway to access Ripple’s native token.

此後，5月22日星期四，波動率股票在美國推出了有史以來的第一個XRP期貨ETF，該公司現已與Tresker XRPI一起在納斯達克列出。該ETF主要投資於XRP連接的期貨合約，為機構投資者提供了額外的受監管途徑，以訪問Ripple的原始令牌。

Analysts have noted strong potential demand, considering similar successes in the crypto ETF space. However, regulatory hurdles remain as the U.S. Securities and Exchange Commission (SEC) has delayed decisions on several other ETF applications.

分析師注意到了強大的潛在需求，考慮到加密ETF空間中的類似成功。但是，隨著美國證券交易委員會（SEC）（SEC）已推遲對其他幾個ETF申請的決定，監管障礙仍然存在。

Among these are Bitwise’s and CoinShares’ XRP ETFs, a Litecoin ETF, and Fidelity’s Bitcoin ETF proposal. These delays reflect the agency’s historically cautious stance toward approving crypto investment products.

其中包括Bitwise和Coinshares的XRP ETF，Litecoin ETF以及Fidelity的比特幣ETF建議。這些延遲反映了該機構歷史上謹慎的立場，旨在批准加密投資產品。

Nevertheless, Bloomberg ETF analyst James Seyffart speculated this week that approvals could start rolling out as soon as late June or July if the SEC decides to ease its deferrals.

儘管如此，彭博社會ETF分析師詹姆斯·塞法特（James Seyffart）本週推測，如果SEC決定緩解其延期延期，則批准可能會在6月下旬或七月開始推出。