Why Waiting for XRP ETFs Feels Like Waiting for a Russian Winter

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Bloomberg’s James Seyffart, a man who might as well be squinting through a microscope, clarified that these XRP futures ETFs, while given the nod of approval, remain as elusive as a doctor’s promise to arrive on time. No launch date has been pinned down—yet hope clings stubbornly, like a nosy neighbor watching for a scandal.

These ETFs, built for the grand institutional audience, offer a clean, regulated path to dance with XRP price swings without the messy business of holding actual coins. Futures ETFs act like the cryptic Russian winter: cold and distant, but everyone’s talking about it. ProShares is conjuring three flavors—one with a double dose of XRP’s wild mood swings, and two others that strive to outrun it by betting against the market with -1x and -2x performance. Because why just ride the wave when you can surf the undertow?

Earlier this spring, Teucrium’s 2x Long Daily XRP ETF made its debut on the New York Stock Exchange, attracting some decent chatter and trades, like a modest party at an old friend’s dacha. If ProShares pulls off their feat, we’ll see the second, third, and fourth XRP ETFs tiptoeing into the U.S. arena, like sheep cautiously entering a wolf’s den.

But wait, bigger fish swirl in these murky waters. ProShares, alongside heavyweights like Grayscale and 21Shares, have their eyes on the prize: spot XRP ETFs, promising the direct thrill of owning the token itself rather than just chasing shadows. The SEC, ever the stern bureaucratic grandmother, plans to revisit these proposals by late May, with some long-term guests staying until October. Patience is, as always, a virtue… or a recipe for madness.

JPMorgan whispers of a potential $4 to $8 billion stampede into XRP ETFs, if the SEC’s mood shifts. That’s a lot of rubles, sorry, dollars, flowing in—akin to the buzzing excitement first seen with Bitcoin and Ethereum’s ETF debuts.

For all their mystery, these slow-moving approvals hint at XRP inching closer to the grand ballroom of traditional finance, still skating on thin ice but making more confident moves every day.

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2025-04-29 05:46