- Sean McBride anticipates the introduction of an XRP ETF in the U.S. between 2024 and 2025, raising expectations in the community.
- Ripple considers an IPO outside the U.S. due to adverse regulation, exploring more favorable international markets.
Sean McBride, a former Ripple executive, has predicted a positive development for the XRP ecosystem, highlighting the possibility of an XRP exchange-traded fund (ETF) entering the U.S. market in the 2024 or 2025 timeframe.
This prediction comes against a backdrop where the approval of a Bitcoin ETF by the SEC has raised expectations in the cryptocurrency community.
The Possible Arrival of an XRP ETF
McBride, formerly in charge of Global Talent Acquisition at Ripple, has hinted at the future implementation of an XRP-based ETF, sparking speculation and anticipation among cryptocurrency enthusiasts.
“You’ll see an XRP ETF in 2024 or 2025,” McBride commented in a recent X post. In parallel, Brad Garlinghouse, CEO of Ripple, expressed on Bloomberg that the company would welcome SECapproval of XRP ETFs, arguing the importance of diversifying cryptoasset investments beyond a single coin.
Although Garlinghouse did not confirm direct negotiations with ETF providers, he reaffirmed the consistency of this initiative with the interests of the XRP community.
Optimistic Outlook for XRP
The conjunction of these statements points to a promising scenario for XRP, increasing enthusiasm in its community. McBride’s statement, along with Garlinghouse’s position on investment diversification through crypto ETFs, reinforces the vision of a broader and more varied digital financial ecosystem.
Ripple Evaluates an International Initial Public Offering
In response to a legal dispute with the U.S. SEC since 2020, Ripple has considered more favorable international markets for its IPO.
Garlinghouse has expressed a preference for jurisdictions with clearer regulations for Ripple’s IPO, given the regulatory hostility in the United States.“Trying to go public in the U.S., with an adverse regulator, is not attractive,” he commented at the World Economic Forum in Davos.
The company has indicated that it will explore the possibility of a public listing after resolving its litigation with the SEC, which, coupled with the potential approval of an XRP ETF in the U.S. and the completion of an IPO, sets up an encouraging outlook for XRP’s value .
Market observers see a significant increase in its share price as likely, anticipating an uptrend towards the $5 threshold.
In this context, marked by the anticipation of an XRP ETF and the consideration of an international IPO by Ripple, injects optimism in the XRP community, with projections of a strengthening in its valuation in the short to medium term.
How has XRP been behaving these past few weeks? Well the bands are expanding slightly, indicating an increase in Ripple price volatility, this often precedes a price move.
Currently, the price of Ripple (XRP) sits at 0.53677 USD, experiencing a 1.02% decrease on the day. Over the course of the week, the coin has seen a 3.67% decrease, although it maintains a 0.85% increase over the past month.
