Oh, do try to contain your excitement. The New York Stock Exchange, in a fit of what one can only assume is ennui, has approved these… things – Grayscale’s Dogecoin and XRP exchange-traded funds. Apparently, Monday is the day we collectively decide that digital dog pictures and vaguely-defined digital ledgers are sound investments. Honestly.
NYSE Arca, a perfectly respectable subsidiary, filed the necessary paperwork on Friday – one does have to have paperwork, you know – to certify its approval. GXRP and GDOG, they’re calling them. It sounds like a particularly tedious ailment.
That frightfully earnest Eric Balchunas from Bloomberg, bless his heart, announced the whole affair on X (what is it with these platforms?). He also suggests Chainlink (LINK) will be joining the party shortly. Good heavens. One anticipates a deluge of rather breathless pronouncements.
“Dogecoin ETF $GDOG approved! Trading Monday!” he chirped. “XRP too, naturally.” One pictures him positively beaming. $GLNK will follow, presumably, because why not? It’s not as though logic has much to do with any of this. 🧐
This signing-off by the NYSE is, apparently, the last hurdle. The final, desperate gasp of sanity before we embrace the crypto-mania. It’s a conversion of an existing trust, you see. Quite practical, really. Balchunas predicts a first-day volume of eleven million dollars. One shudders to think where it will all end.
XRP ETFs: A veritable deluge!
And it doesn’t stop there, darling. Grayscale’s XRP ETF will be launching alongside a competing product from Franklin Templeton. As if one wasn’t enough! WisdomTree is lurking in the wings, ready to pounce. It’s all terribly… competitive.
Canary Capital’s XRPC got things underway on November 13th, bringing in a rather vulgar amount of money – $250 million, if you please! – on its first day. Bitwise, 21Shares and CoinShares have piled on the bandwagon. It’s a stampede, I tell you, a stampede! All thanks to the end of the government shutdown and the SEC finally relaxing its grip. One wonders what they were doing before. 😴
And here’s the truly delicious irony. Despite all this bullishness (or so they say!), XRP has declined by 18% since the start of November. One can only assume the market is deliberately trying to provoke me.
Read More
- Mark Wahlberg Battles a ‘Game of Thrones’ Star in Apple’s Explosive New Action Sequel
- Where Winds Meet: March of the Dead Walkthrough
- LTC PREDICTION. LTC cryptocurrency
- Physical: Asia fans clap back at “rigging” accusations with Team Mongolia reveal
- Invincible Season 4 Confirmed to Include 3 Characters Stronger Than Mark Grayson
- LINK PREDICTION. LINK cryptocurrency
- Top Disney Brass Told Bob Iger Not to Handle Jimmy Kimmel Live This Way. What Else Is Reportedly Going On Behind The Scenes
- Assassin’s Creed Mirage: All Stolen Goods Locations In Valley Of Memory
- Marvel Cosmic Invasion Release Date Trailer Shows Iron Man & Phoenix
- Dragon Ball Meets Persona in New RPG You Can Try for Free
2025-11-24 06:10