- Ripple’s expansion and strategic hires hint at a potential XRP ETF, stirring speculation within the crypto community.
- Market movements and regulatory clarity in the US for XRP strengthen the case for a future ETF offering.
Ripple is making significant moves that suggest an interest in launching an XRP exchange-traded fund (ETF). The blockchain giant is on the lookout for a Senior Manager for Business Development, focusing on Institutional DeFi, with positions open in both the UK and the US.
This initiative is part of Ripple’s broader mission to foster global financial inclusivity and signals a readiness for the mass adoption of Institutional DeFi within the financial sector. For more insights or information on this topic, see the YouTube video of CNF below.
Strategic Hiring Sparks ETF Speculation
Ripple’s recruitment drive, particularly for roles centered around DeFi and software engineering across global hubs, has ignited speculation among the XRP community about the potential development of an XRP ETF. The integration of new talent in key areas such as marketing, trading, product development, and engineering is viewed as a step towards this goal, creating a buzz of anticipation.
See the vacancies from the Ripple in the tweet bellow.
Join a team building breakthrough blockchain solutions for a world without economic borders. 🛠️
Explore open roles at Ripple, including:
⭐️ Senior Product Manager, DeFi (London)
⭐️ Senior Software Engineer (Bangalore)
⭐️ Senior Software Engineer (Toronto)https://t.co/F5tKrpKHuF— Ripple (@Ripple) January 27, 2024
However, Brad Garlinghouse, Ripple’s CEO, has yet to confirm or discuss these plans publicly, maintaining a stance of discretion. For more insights, see the YouTube video below where this topic might be explored further.
The Market Awaits with Bated Breath
As CNF previously reported, the crypto market is abuzz with the prospect of new ETF approvals, following the launch of a Bitcoin ETF. Speculation is rife that Ethereum could be next, buoyed by encouraging comments from financial heavyweights. XRP, with its clear regulatory status in the US, is seen as a strong contender for an ETF, potentially following in the footsteps of Bitcoin and Ethereum.
Current trading data shows on the chart below, XRP priced at $0.506, experiencing a decrease of 5.13% in the past day and 2.11% over the past week, reflecting the market’s sensitivity to developments within Ripple and the broader regulatory landscape
Recommended for you:
- Buy Ripple (XRP) Guide
- Ripple XRP Wallet Tutorial
- Check 24-hour XRP Price
- More Ripple (XRP) News
- What is Ripple (XRP)?
Subscribe to our daily newsletter!
No spam, no lies, only insights. You can unsubscribe at any time.
