Ripple CEO: XRP ETF approval before the end of the year is imperative, and XRP will eventually be included in the US government's crypto reserves

Odaily Planet Daily News: Ripple CEO Brad Garlinghouse recently stated in a Bloomberg interview that the approval of the spot XRP ETF is "inevitable" and expects the U.S. Securities and Exchange Commission to approve some or all of the pending applications before the end of the year. Currently, companies such as Bitwise, Franklin Templeton, and Canary have submitted relevant applications. He also expects that the XRP token will eventually become part of the U.S. government's crypto reserves. Analysts are optimistic about the prospects for capital inflows into the XRP ETF. Crypto.com CEO predicts that these funds will attract $8 billion in capital inflows in the first year, while JPMorgan Chase predicts that the XRP ETF will have approximately $8 billion in capital inflows in the first year, and its growth rate will far exceed that of the Ethereum ETF. In contrast, it took Ethereum more than a year to reach $8 billion in ETF inflows.