Ripple首席执行官Brad Garlinghouse解释了为什么加密货币ETF对机构投资者来说是关键的

商人的见解是在纳斯达克第一个XRP期货ETF以及美国证券交易委员会（SEC）的持续监管延误的最新推出中。

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首席执行官布拉德·加林豪斯（Brad Garlinghouse）强调了为什么加密货币交易所贸易资金（ETF）对华尔街和机构投资者都是关键的，尤其是在纳斯达克岛上第一个XRP期货ETF推出时。

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.

商人的见解是在加密ETF领域的最新发展中，美国的第一个基金集中在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.

周五早些时候，加林豪斯（Garlinghouse）在Ripple的“ Crypto一分钟”系列中解释了加密ETF的两个关键原因。

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，他说，ETF最终为养老基金，捐赠基金和共同基金等机构投资者提供了一种流线，受监管的方法，以获得加密货币的暴露。

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

以前，他们的选择仅限于自我客户或集中式交易所交易，这两种交易所都具有缺点和法规复杂性。

“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.”

“在最长的时间里，机构投资者确实无法直接访问加密货币。这是以前无法进入的资本的解锁。”

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.

他补充说，ETF允许机构参与者通过熟悉的华尔街机制来交易加密资产，从而弥合了传统的金融世界和新兴的加密生态系统。这种提高的可访问性可能会给数字资产带来大量的新资本流入。

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，专家们说，ETF正在“制度化”加密市场。他指出，比特币ETF取得了巨大的成功，该公司将记录定为最快的ETF达到10亿美元，随后在管理中的资产100亿美元。

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

他补充说：“我们最终将关闭黄金ETF。”他强调了加密投资工具的主流采用。

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）的言论是在加密ETF景观中发生的重大发展。 2025年5月19日，CME集团启动了XRP期货合约，这是XRP机构采用的关键时刻。在第一天，推出的交易量超过1900万美元，超出了预期，并强调了机构需求。

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.

此后，5月22日星期四，波动率股票在美国推出了有史以来的第一个XRP期货ETF，该公司现已与Tresker XRPI一起在纳斯达克列出。该ETF主要投资于XRP连接的期货合约，为机构投资者提供了额外的受监管途径，以访问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.

分析师注意到了强大的潜在需求，考虑到加密ETF空间中的类似成功。但是，随着美国证券交易委员会（SEC）（SEC）已推迟对其他几个ETF申请的决定，监管障碍仍然存在。

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的比特币ETF建议。这些延迟反映了该机构历史上谨慎的立场，旨在批准加密投资产品。

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.

尽管如此，彭博社会ETF分析师詹姆斯·塞法特（James Seyffart）本周推测，如果SEC决定缓解其延期延期，则批准可能会在6月下旬或七月开始推出。