Ripple Labs CEO Brad Garlinghouse remains optimistic about the potential approval of a spot XRP ETF in the United States.
Garlinghouse points out the significant inflow of capital into Bitcoin ETFs since their approval in January, indicating robust demand from institutional and retail investors for digital assets.
Bitwise and Canary Capital Group have filed applications with the SEC for XRP ETFs, following the success of Bitcoin ETFs.
Garlinghouse believes that increasing institutional interest will create upward pressure on prices for cryptocurrencies, including XRP.