Ripple’s XRP Set for Major Upswing: Insider Predicts ETF and IPO Launch

XRP's Future Growth: Analyst's Perspective

Former Ripple executive Sean McBride has expressed optimism about the future of the XRP ecosystem. Following the SEC’s recent approval of a Bitcoin exchange-traded fund (ETF) in January, McBride predicts that a similar XRP ETF could emerge on the U.S. market either this year or by 2025. Additionally, he discussed the potential for Ripple to go public in the upcoming year.

Prediction of Spot XRP ETF

Sean McBride, Ripple’s former Director of Global Talent Acquisition, predicts the introduction of an XRP-based spot exchange-traded fund (ETF). 

McBride hinted at the possibility, stating, “You will see an XRP ETF in 2024 or 2025.” Ripple CEO Brad Garlinghouse echoed this sentiment during a Bloomberg interview, expressing the company’s willingness to embrace XRP ETFs approved by the SEC. 

Garlinghouse emphasized the inevitability of multiple ETFs across various crypto assets, akin to the diversification seen in traditional equity markets.

Related article: Ripple: More Than 530 Million XRP Tokens Transferred Across Various Exchanges by Whales

Market Reception and Ripple’s Stance

Investors’ enthusiasm for diversified investment options in the crypto space is evident, with Garlinghouse asserting that it “makes sense for the XRP community overall.” While the specifics of Ripple’s engagement with ETF providers remain undisclosed, the company’s receptiveness to the concept underscores its commitment to facilitating broader access to XRP investment opportunities.

Ripple’s contemplation of an IPO outside the United States stems from regulatory uncertainties in its home jurisdiction. Garlinghouse highlighted the challenges posed by a contentious relationship with U.S. regulators, citing Coinbase’s legal woes post-IPO approval.

Ripple’s strategic shift towards jurisdictions with clearer regulatory frameworks reflects its proactive approach to navigating the complexities of the global financial landscape.

Garlinghouse’s Optimism Amid Legal Proceedings

Despite facing legal hurdles, Ripple remains optimistic about its future prospects. Garlinghouse’s previous assertion regarding a potential public listing post-lawsuit underscores the company’s long-term vision. A favorable resolution coupled with strategic moves such as exploring international IPO options positions Ripple for sustained growth and market resilience.

The convergence of regulatory clarity, prospective ETF developments, and IPO aspirations paints a bullish picture for the XRP price. Market analysts anticipate a rally towards the significant $5 milestone, citing the synergistic effects of regulatory advancements and strategic initiatives undertaken by Ripple.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

Share this :