#XRPETF Chairman Monica Long stated that Ripple has no plans for an IPO (initial public offering) this year. She emphasized that the company currently has ample cash reserves and does not need to raise funds or enhance its reputation through an IPO, and CEO Brad Garlinghouse also supports this decision.

Previously, Ripple had conducted a buyback of a portion of its shares this year at a valuation of $11.3 billion, lower than the $15 billion of 2022, indicating that the company remains committed to an independent growth strategy.

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