At the Consensus conference, Brad Garlinghouse, CEO of Ripple, made a bold prediction: an exchange-traded fund (ETF) for XRP in the US is "inevitable".
He also predicted that other altcoin ETFs, including Solana (SOL) and Cardano (ADA), would soon follow.
"I think it's just a matter of time, and it's inevitable that there will be an XRP ETF, a Solana ETF, a Cardano ETF, and that's great," Garlinghouse said.
This prediction follows unexpected progress in the approval of ether ETFs by the US Securities and Exchange Commission (SEC). Key filings have been approved, although final approval is still pending.
Garlinghouse acknowledged that there will be significant regulatory hurdles before these ETFs are approved, but described them as "speed bumps".
However, Ripple's CEO criticised Washington's lack of regulatory clarity, specifically pointing the finger at SEC chairman Gary Gensler.
"Gary Gensler was called to Congress, and when asked if ether is a security, he didn't answer the question. Yet he insists that the rules are very clear and do not need to be updated," Garlinghouse said.
