- Anticipation has soared as industry leaders have dropped hints about a possible XRP ETF launch.
- Ripple has investigated the possibility of exploring IPO options outside the US in response to “hostile” SEC regulations.
- Market watchers have predicted a surge towards the coveted $5 mark, fueling further excitement in the market.
The crypto community is still buzzing from the SEC’s January approval of a spot Bitcoin ETF, but all eyes are now turning to XRP as exciting predictions emerge. Former Ripple Director Sean McBride and CEO Brad Garlinghouse have hinted at the possibility of a spot XRP ETF launching in 2024 or 2025, along with the potential for a Ripple IPO outside the US.
XRP ETF in 2024?
These developments paint a potentially bullish picture for the future of XRP, sending ripples of excitement through the XRP community. McBride, known for his optimistic stance on XRP, took to social media to declare, “You will see an XRP ETF in 2024 or 2025,” igniting speculation and anticipation.
His statement aligns with Garlinghouse’s comments during a Bloomberg interview, where he expressed the company’s welcoming attitude towards XRP ETFs, stating, “It’s inevitable that there will be numerous ETFs around different crypto assets.”
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Garlinghouse further compared the current situation to the early days of the equities market, suggesting that diversification through various crypto-based ETFs is a natural evolution. While he remained discreet about Ripple’s direct involvement with ETF providers, he reiterated, “We think it makes sense for the XRP community overall.”
While McBride’s prediction remains just that it has undoubtedly sent shockwaves through the XRP community. With Garlinghouse’s endorsement and the broader trend of crypto ETF approvals, the possibility of an XRP ETF seems less like a distant dream and more like a tangible future.
Ripple Considers International IPO
Adding another layer of intrigue to the future of XRP, Garlinghouse shed light on the company’s exploration of international IPO options. The ongoing legal battle with the SEC in the US has prompted Ripple to consider jurisdictions with clearer regulations for public offerings.
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“In the United States, trying to go public with a very hostile regulator that’s approved your S-1, that doesn’t sound like a lot of fun to me. Coinbase obviously had their S-1 approved. And now the SEC is suing them for doing things that were outlined in their S-1," Garlinghouse remarked.
This news and the potential for a US spot ETF and Ripple’s IPO have fueled optimism within the XRP community. Some market watchers even predict an inevitable rally towards the $5 mark.
On the Flipside
- While the SEC approved a Bitcoin ETF in January, it doesn’t guarantee the same for XRP.
- The ongoing lawsuit between Ripple and the SEC could significantly impact the timeline and approval of any XRP ETF.
Why This Matters
The potential approval of a spot XRP ETF, alongside Ripple’s IPO considerations outside the US, could significantly boost XRP’s value and legitimacy, potentially triggering a major rally and impacting the wider crypto market’s perception of the asset.
The Ripple vs. SEC lawsuit is nearing its end, with key deadlines approaching. What does this mean for the future of Ripple and XRP? Find out here:
Ripple vs. SEC Case Is in the Endgame: These Are the Key Dates
The discovery deadline in the SEC vs Ripple lawsuit has passed. However, this article also explores the potential implications for Ripple, XRP, and the broader crypto industry.
SEC vs. Ripple Discovery Deadline 2 Days Away, What to Expect
