Brad Garlinghouse says that XRP ETF is inevitable

Garlinghouse's comments follow on significant developments in the field of cryptocurrency ETFs, especially after the approval of Bitcoin as the first crypto-based ETF in the United States at the beginning of this year.

Garlinghouse referred to the impressive inflow of $ 17 billion in Bitcoin ETFs since its approval in January and thus underlined the strong demand for both institutional and private investors after engagement in digital assets.

Since Ethereum is expected to be the next cryptocurrency that is approved for ETF status, Garlinghouse is optimistic that XRP will follow this example. He pointed out that interest in ETFs in the crypto community had increased significantly, since they were a decisive means of improving the market presence of Bitcoin and promoting acceptance among institutional investors.

Bitwise and Canary Capital have requested an XRP ETF

At the beginning of this month, Bitwise Asset Management was the first company to apply for an XRP ETF at SEC, which marked a decisive moment for cryptocurrency, which is the seventh largest cryptocurrency in terms of market capitalization.

The Canary Capital Group followed this example and signaled a growing interest in XRP-based investment products. Interestingly, Canary Capital also applied for a Litecoin ETF.

Despite Ripple's legal dispute with the SEC, which goes back to 2020 when the agency claimed that the company had illegally sold XRP as an unregistered security, Garlinghouse remains optimistic.

In a groundbreaking judgment of last year, it was stipulated that XRP is only considered a securities if it is sold to institutional investors, a decision against which the Sec appeal has filed.

Garlinghouse believes that the developing regulatory landscape and the increasing popularity of crypto ETFs ultimately pave the way for the inclusion of XRP in this investment instrument and will continue to consolidate its place in the emerging market for digital assets.