- XRP ETF and Ripple IPO anticipated by 2025, marking significant milestones in cryptocurrency integration.
- Ripple explores international IPO options, reflecting strategic adaptation to global regulatory landscapes.
In a recent and exciting development for cryptocurrency enthusiasts, Sean McBride, the former Director of Global Talent Acquisition at Ripple, has made significant predictions regarding the future of XRP, one of the leading digital currencies in the crypto market. According to McBride, the XRP community can look forward to the potential launch of an XRP spot Exchange-Traded Fund (ETF) within the next year or by 2025 at the latest.
This announcement has sparked a wave of speculation and excitement within the cryptocurrency sphere, especially considering the recent approvals of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC).
You will see a #XRP #ETF in 2024 or 2025. You will also see a #Ripple #IPO outside the US in 2025.
— Sean McBride (@seanmcbride16) February 20, 2024
The Ripple IPO: A Strategic Move
Moreover, McBride shed light on another monumental development: Ripple’s initial public offering (IPO). He speculates that Ripple could go public as soon as 2025, potentially choosing to list outside of the United States. This move aligns with Ripple’s ongoing exploration of international jurisdictions for its public listing, as the firm seeks to navigate the complex regulatory environment in the U.S.
The Unique Position of XRP
The conversation around an XRP ETF is not new but has gained traction following the SEC’s nod to Bitcoin ETFs. XRP’s unique regulatory status in the United States makes the case for its ETF particularly intriguing. Despite the growing interest and the push from figures like Ripple CEO Brad Garlinghouse, the path to an XRP ETF in the U.S. remains untrodden by major asset managers.
However, Garlinghouse’s cautious optimism reflects the broader sentiment in the industry, underpinned by the legal and regulatory hurdles that have historically influenced the approval of cryptocurrency ETFs.
Ripple’s Strategic Patience
Ripple’s approach to an IPO is notably measured. The company has acknowledged considering overseas options for its public listing, reflecting a strategic patience and readiness to adapt to the global financial landscape. This cautious stance is further supported by Ripple’s current financial health, with substantial cash reserves allowing the company to prioritize strategic growth over immediate public listing.
Industry Perspectives
Wall Street financial analyst Linda Jones echoes McBride’s sentiments, suggesting that a 2025 timeline for Ripple’s IPO is well within the realm of possibility. This perspective underscores a growing consensus among industry experts about the feasibility and strategic timing of Ripple’s move towards becoming a publicly traded company.
On the other hand, XRP price at the time of writing sits at around $0.5418, representing a 3.78% drop in 24 hours. However, the token still reflects a slight increase in the last 7 days of 1.84%.
