TL;DR
Grayscale, Bitwise, and 21Shares are wrestling for the title of “First US XRP ETF.” The SEC is on the case, and with an 81% chance of approval in 2025, the Ripple squad is feeling pretty hopeful! 😁
Meanwhile, Brazil just gave the green light to an ETF, and surprise surprise, the price is dancing like it just won the lottery!
The Odds are Rising
So, picture this: a stampede of companies lined up to snag the first XRP exchange-traded fund (ETF) in the U.S. Think Grayscale, Bitwise, and 21Shares, a lineup that sounds like a tech startup’s dream team. And guess what? The SEC finally decided to peek out from under its rock and officially recognized their applications. Wow, what a time to be alive! 🙌
And here’s the kicker: Grayscale’s filing has made it into the Federal Register. That means the SEC has until October 18 to either put on their party hats and approve it or rain on our parade and reject it. 🎉🤷♀️
The latest gossip from the XRP fan club: Everyone is giddy with excitement thinking this ETF is just around the corner! Ripple’s CEO backs this belief too, claiming an XRP ETF is “inevitable.” Well, so was my last breakup, but here we are! 😅
The approval chances for 2025 have skyrocketed to 81% (thanks, Polymarket). But as we look toward July, we’re sitting at around a 45% chance. Just enough to keep us gnawing on our fingernails in suspense! 🧐
Brazil Was First
While we’re all tuned in to the SEC drama, Brazil decided to play the role of overachiever and became the proud parent of the world’s first spot XRP ETF. Can you say “show-off”? This caused the underlying asset’s price to leap up to nearly $2.75 before it pulled a classic retreat to $2.67. How relatable! 😏
But let’s be real, a U.S. launch would have a MASSIVE impact. I mean, it’s the U.S.! The big kahuna of financial markets. If the ETF swings into action here, we’ll be looking at a flood of institutional and retail eyes on XRP. Talk about a digital debut! 💸
This could totally be a game-changer for the entire crypto landscape since it shows the SEC is maybe, just maybe, feeling a bit friendlier these days. They’ve even switched up their leadership—Gary Gensler has exited stage left, replaced by the crypto-friendly Mark Uyeda. What a plot twist! 🎭
And as if that wasn’t enough drama for one day, one of the SEC’s crypto litigators just got a new gig in the IT department! Wow, is that where all the coolest kids are hanging out now? 😂
Read More
- INJ PREDICTION. INJ cryptocurrency
- SPELL PREDICTION. SPELL cryptocurrency
- How To Travel Between Maps In Kingdom Come: Deliverance 2
- LDO PREDICTION. LDO cryptocurrency
- The Hilarious Truth Behind FIFA’s ‘Fake’ Pack Luck: Zwe’s Epic Journey
- How to Craft Reforged Radzig Kobyla’s Sword in Kingdom Come: Deliverance 2
- How to find the Medicine Book and cure Thomas in Kingdom Come: Deliverance 2
- Destiny 2: Countdown to Episode Heresy’s End & Community Reactions
- Deep Rock Galactic: Painful Missions That Will Test Your Skills
- When will Sonic the Hedgehog 3 be on Paramount Plus?
2025-02-21 15:16