Monday, April 22, 2024
HomeCryptocurrencyFormer Ripple Director Sets Timelines For First XRP ETF and Ripple IPO

Former Ripple Director Sets Timelines For First XRP ETF and Ripple IPO

Excitement is buzzing in the XRP community regarding the potential arrival of an XRP exchange-traded fund (ETF) and Ripple’s initial public offering (IPO).

Although there are no official timelines yet, Sean McBride, a former Ripple director, has shared his predictions, sparking debates and generating excitement.

Whale Alert

Read Also: Ripple CEO Brad Garlinghouse Shares Update On IPO

XRP ETF: Riding the Bitcoin Wave?

McBride suggests that an XRP spot ETF could emerge between 2024 and 2025. This optimism comes after the recent approval of Bitcoin spot ETFs, which has opened doors for similar investment products tied to other major cryptocurrencies.

However, it’s important to note that McBride’s timeframe is based on his insights and lacks concrete evidence, leaving room for interpretation.

While the approval of Bitcoin ETFs has given hope for an XRP ETF, there are significant regulatory obstacles to overcome. Unlike Ethereum ETFs that have gained popularity, the ongoing SEC lawsuit against Ripple adds complexity to the approval process of an XRP ETF.

Despite calls from the public, no major asset manager has officially filed for an XRP ETF in the United States. Ripple CEO Brad Garlinghouse acknowledges the possibility but also highlights the uncertainty, considering the unpredictable nature of regulatory processes.

Ripple IPO: Exploring Opportunities Overseas?

McBride’s predictions also extend to a potential Ripple IPO in 2025, potentially outside the United States. This aligns with Ripple’s past discussions about exploring listing options abroad. However, it’s important to remember that an IPO is not an immediate priority for Ripple due to its strong financial position, as emphasized by the company.

Financial analyst Linda Jones lends credibility to McBride’s prediction, suggesting that a 2025 IPO is a realistic possibility. Nevertheless, it’s crucial to bear in mind that these predictions are based on current information and are subject to change.

Read Also: ChatGPT Predicts XRP Price After Bitcoin ETF Approval


Beyond Speculation: Taking a Cautious Look Ahead

While McBride’s projected timeline offers a potential path, several critical factors could influence the actual outcome. The outcome of the SEC lawsuit is of utmost importance as it directly affects the feasibility of an XRP ETF and Ripple’s regulatory standing.

Broader market sentiment and the overall adoption of cryptocurrencies can also impact the demand and viability of an XRP ETF. Moreover, Ripple’s future partnerships, product development, and legal strategies will significantly shape the timeline for both an ETF and IPO.

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Adedoyin Aka
Adedoyin Aka
Adedoyin is a graduate of Law and a Crypto & Blockchain expert who strongly believes that Blockchain is the future. At TimesTabloid, she focuses on crypto and blockchain educational content.

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