XRP ETF Drama: Asset Managers Beg SEC for Approval 😂💼

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In the grand theater of finance, where fortunes rise and fall with the whims of regulators, a troupe of asset managers has taken to the stage, clutching their amended S-1 filings like love letters to the SEC. Ah, the romance of bureaucracy! These institutions, with names as grand as their ambitions-Grayscale, Bitwise, Canary, CoinShares, Franklin Templeton, 21Shares, and WisdomTree-have all knelt at the altar of the US Securities and Exchange Commission, pleading for the blessing of a spot XRP ETF. 🥀✨

What Hath Changed in This Financial Ballet?

“Bunch of XRP ETF filings being updated by issuers today. Almost certainly due to feedback from [the] SEC. Good sign, but also mostly expected.” 🕵️‍♂️📜

The ETF Store President, Nate Geraci, chimed in with equal enthusiasm, declaring it a “very good sign” that these filings arrived en masse, like a flock of pigeons descending on a statue. “Very good sign IMO,” he cooed on X, though one wonders if he was merely echoing the sentiment of the crowd. 🐦‍⬛🗣️

Bunch of XRP ETF filings being updated by issuers today. Almost certainly due to feedback from [the] SEC. Good sign, but also mostly expected.

Ah, the S-1 filing-a document as dry as a Turgenev novel, yet as crucial as a duel at dawn. It is the prospectus, the promise, the plea. And when material information shifts, as it inevitably does, the S-1 must be amended. Thus, we see the proposed spot XRP ETFs transform, like a caterpillar into a butterfly, from simple cash creations and redemptions to the more elegant XRP or cash creations and cash or in-kind redemptions. 🦋📄

Yet, where is BlackRock in this financial fandango? The titan of asset management, the behemoth of Bitcoin and Ethereum ETFs, remains conspicuously absent. As reported by Bitcoinist, BlackRock has no intention of joining this XRP waltz. Perhaps they find the tune too frivolous, or the steps too uncertain. 🎶🚫

XRP Price: A Tale of Whims and Whirls

The XRP token, ever the dramatic protagonist, began the week in turmoil, dipping below the $3 mark to a lowly $2.8. But, as fate would have it, the altcoin rebounded with the vigor of a Turgenev hero, soaring above $3 on the wings of Ripple’s legal victory and Jerome Powell’s soothing words. At the time of this writing, XRP stands at $3.01, a 5% leap in 24 hours. 🌪️💹

And so, the financial world watches, with bated breath and raised eyebrows, as these asset managers dance their intricate ballet, hoping the SEC will grant them the coveted approval. Will the XRP ETF finally grace the exchanges, or will it remain a dream, as fleeting as a Russian summer? Only time-and the SEC-will tell. 🩰🤔

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2025-08-23 19:04