In a recent interview with Bloomberg, Ripple Labs CEO Brad Garlinghouse expressed his strong belief that an XRP ETF is “inevitable,” despite the ongoing legal challenges between the company and the U.S. Securities and Exchange Commission (SEC). Garlinghouse’s comments come amid significant developments in the cryptocurrency ETF space, especially following the launch of Bitcoin as the first crypto-backed ETF in the United States earlier this year.
Garlinghouse highlighted the massive inflows of $17 billion into Bitcoin ETFs since their approval in January, highlighting the strong demand from institutional and retail investors for exposure to the digital asset.
With Ethereum anticipated to be the next cryptocurrency to be approved for ETF status, Garlinghouse is optimistic that XRP will follow suit. He also explained that interest in ETFs has surged within the crypto community, serving as a vital means to increase Bitcoin’s market presence and drive adoption among institutional investors.
