Major Wall Street Firm Dumps Bitcoin ETFs

Ripple CEO Brad Garlinghouse promoted the XRP Ledger’s market advantages, stressing speed (3–5 second settlements), ultra-low fees (pennies or fractions of a cent) and scale (about 4 billion transactions completed). He emphasized community support and argued that crypto’s next phase will favor infrastructure and utility over speculation, noting TradFi’s increasing engagement (citing moves by firms like Morgan Stanley). The comments frame XRP as a utility-focused top‑10 token that could benefit from institutional adoption and differentiate itself from meme coins, potentially supporting demand and long‑term positioning amid broader crypto market repositioning toward infrastructure.