Well, well, well! It seems the XRP ETF saga has taken a delightful twist, and not the kind that leaves you scratching your head in confusion. No, this is more like the plot of a thriller where the hero finally gets a clue. Nate Geraci, the president of ETF Store and a man whose opinions are followed more closely than a cat stalking a laser pointer, has emerged from the shadows to declare that the approval of a spot XRP ETF might not just be a distant dream but something that could happen sooner than you can say “cryptocurrency.”
In a moment that could only be described as a mic drop, Geraci stated that there’s no logical reason for the SEC to deny this ETF. His take? It’s not a question of if, but when. And if you’re wondering about that “when,” it’s looking like it could be just around the corner—like that one friend who always shows up uninvited but with snacks.
Now, let’s not forget that XRP products are already making waves in the market. Yes, you heard it right! Leveraged XRP ETFs are already live and trading, which is like the appetizer before the main course of more sophisticated ETF developments. The infrastructure is maturing, and investor interest is as clear as a sunny day in July.
Geraci, with all the confidence of a cat that just knocked something off a table, suggests that given the shifting sands of XRP’s legal and market position, it might be time for regulators to stop playing hard to get.
2x leveraged XRP ETF is *currently* live & trading…
I simply don’t see this SEC not approving spot XRP ETF.
And sooner, rather than later.
— Nate Geraci (@NateGeraci) April 16, 2025
Recent data from CoinShares shows that XRP investment products have attracted a whopping $3.4 million in new capital just last week, with an additional $1.5 million added this month. Year-to-date flows are now sitting at a cozy $176 million, and total assets under management in XRP-linked funds have climbed to a staggering $883 million. That’s a lot of zeros, folks!
This steady stream of capital flowing into XRP—despite the absence of a spot ETF—paints a picture clearer than a freshly cleaned window: the appetite for XRP is building, and the market is gearing up for something big.
But before you start planning your victory dance, let’s not get ahead of ourselves. The SEC has yet to take any formal action on the spot XRP ETF applications. While the outlook is brighter than a new penny, the regulatory path remains as complicated as assembling IKEA furniture without the instructions. XRP holders and crypto investors should keep their eyes peeled but also remember to tread carefully. After all, the crypto world is not for the faint of heart! 😅
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2025-04-16 13:17