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Bitcoin and altcoin discussions about ETFs continue to be a trending topic. The possibility of Ethereum ETFs being approved brings other cryptocurrencies into the conversation. In this context, a timeline recently shared by former Ripple executive Sean McBride has garnered significant attention within the XRP community.
Predicted Date for XRP ETF
McBride has captured the attention of the XRP community by providing dates for two eagerly awaited events: an XRP spot ETF and the Ripple IPO. He indicates that an XRP ETF could materialize this year or at the latest by 2025. However, he did not provide a clear explanation about the factors behind this prediction.
Speculation about an XRP ETF has gained momentum, especially after the US SEC approved spot Bitcoin ETFs. Considering the interest in Ethereum, the possibility of an ETF for XRP is not being overlooked by anyone.
Ripple IPO Date
Additionally, McBride suggests that the community could expect Ripple’s initial public offering (IPO) in 2025. Interestingly, he mentioned that this IPO could take place outside of the United States.
Ripple is exploring overseas regions for a potential IPO, but the company’s significant cash reserves could mean a delay in going public. Leading financial analysts, including Linda Jones from Wall Street, are evaluating the likelihood of a Ripple IPO in 2025, thereby strengthening these speculations.
What Does Ripple’s CEO Say About This?
Ripple CEO Brad Garlinghouse remains cautious about setting a timeline for an XRP ETF and Ripple IPO. While highlighting the difficulty of establishing a clear timeline, Garlinghouse points out that even the approval of spot Bitcoin ETFs by the US securities regulator required a court decision, suggesting that a similar legal ruling may be necessary for these matters as well.
As the crypto world closely monitors these exciting developments, uncertainties about the timing of the XRP ETF and Ripple IPO persist. Both events could mark significant turning points in the cryptocurrency market. However, a clear timeline will likely require a better understanding of regulatory factors and company strategies.
