Ripple CEO Brad Garlinghouse Says an XRP ETF Is ‘Inevitable’

After being embroiled in a years-long dispute with the US Securities and Exchange Commission over what constitutes a security, Ripple Labs Inc. Chief Executive Officer Brad Garlinghouse says it’s “just inevitable” that the company’s XRP cryptocurrency will be offered through an exchange-traded fund.

Since funds holding Bitcoin were first approved in January, “$17 billion has flowed into the fastest growing ETF in history,” Garlinghouse said during a Bloomberg Television interview Wednesday. “It clearly demonstrates that there’s demand from institutions and retail to access this asset class.”