Ripple CEO Brad Garlinghouse has revealed his belief that an XRP exchange-traded fund (ETF) is inevitable in the US. Speaking at the Consensus 2024 conference, Garlinghouse expressed confidence that XRP, along with other altcoins like Solana and Cardano, could follow in the footsteps of Ether in securing ETF approvals. However, Garlinghouse also acknowledged the regulatory challenges ahead, criticizing the lack of clarity from the US Securities Exchange Commission (SEC). He highlighted the recent approval of the Spot Ethereum ETF as a positive step towards broader acceptance of digital assets within the regulatory framework. Garlinghouse had previously discussed the prospects of an XRP ETF in February 2024, drawing parallels with the early days of the stock market and emphasizing Ripple’s support for such an ETF. Meanwhile, Ripple’s CTO, David Schwartz, discussed the company’s efforts to promote institutional DeFi and ensure regulatory compliance in an exclusive interview. Standard Chartered analysts believe that XRP and Solana may not secure ETF approval until 2025, citing market dynamics and regulatory hurdles.
