XRP ETF DEADLINE DRAMA: SEC Keeps Crypto Traders Waiting (and Waiting)

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  • The mysterious, number-crunching SEC has once again tiptoed around Franklin Templeton’s spot XRP ETF – new decision day is now in June, possibly the 497th Tuesday of that month.
  • Meanwhile, a bunch of clever Bloomberg folks reckon there’s an 85% chance the U.S. might finally say “Oh, alright then” to an XRP ETF.

Picture this: The U.S. Securities and Exchange Commission, perched on their secret lair (probably somewhere surrounded by donuts and alphabet soup), have shuffled a mighty stack of magic papers and announced another delay! Yes, all your favorite crypto ETFs (XRP, Dogecoin, sprinkle in some Solana for zest) are hanging in suspense, like a worm on a string.

Franklin Templeton’s XRP and SOL ETFs? Whispered away to June 17th. Mark your calendars, or just write “maybe?” on every page.

Bitwise’s DOGE ETF and Grayscale’s HBAR applications are in a queue so long, you’d expect Willy Wonka to be checking golden tickets at the door. Bloomberg ETF crystal-ball reader James Seyffart says this is all “expected” and that the real party won’t start until October. (So, you know, bring a snack for the wait.)

“Honestly, more delays just means more time for dramatic music and cautious eyebrow raises. Final deadlines wander off into late 2025. Wonka’d again!”

That’s not all: Grayscale’s DOGE ETF was left to cool on the kitchen shelf way back in February. Even the Oompa-Loompas forgot about it.

Feeling Lucky? Bloomberg’s XRP ETF Odds Hit 85%!

Meanwhile, “staking” and “in-kind” applications (which sound like Victorian party games but are actually financial things) have been nudged into the mysterious “later” slot by Franklin Templeton, Fidelity, and Invesco Galaxy. Hurrah for procrastination!

But Nate Geraci from ETF Store, ever the optimist, tosses his hat in, saying,

“Don’t worry, all these ETFs, staking, in-kind shenanigans – they’ll be approved this year. Really. Pinky swear.”

Bloomberg’s Eric Balchunas is equally optimistic, winking over his spectacles and repeating, “good chance!” as if the universe needed convincing. Solana, Litecoin, and index funds are sitting pretty with a 90% approval score, while XRP, HBAR, and DOGE are hanging out in the 80–85% club (no velvet rope required).

Avalanche, Polkadot, and Cardano? Not to be left out—currently trailing at 75% odds, which is still better than my chances of remembering my umbrella.

Enter Scott Johnson, financial law wizard and crypto investor, who peered into his looking-glass and declared: “Approvals might flow like Wonka’s chocolate river in late June or July, right after this XRP ETF cliffhanger.”

“Party starts at the end of June/early July. Avalanche of approvals after. Oompa-Loompa dance optional.”

Meanwhile, over in the glimmering digital vaults, a whale wallet—one of the XXL variety—has quietly gathered over a billion XRP tokens in two days. That’s a lot of fish! The cohort now flaps about with holdings of 9.16 billion coins, proving that patience can indeed be golden (or at least squidgy and damp).

Despite these whale games, the $2.4–$2.5 range remains a slippery hill for XRP, stubborn as Augustus Gloop before lunch. If Bitcoin lazes around $95,000, XRP could loiter between $2.1 and $2.4, like an indecisive child in the sweets aisle.

So there you have it: more delays than a Roald Dahl hero’s bedtime, odds high enough to make even Matilda blink, and suspense you could slice with a golden ticket. 🍫💰🦄

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2025-04-30 14:19