XRP ETF Approved: SEC’s Surprise Move!

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The SEC, in a stunning display of bureaucratic efficiency, has given the green light to the Canary XRP ETF, which has now officially been registered on the Nasdaq. This is the first time XRP has managed to sneak past the SEC without a single question being asked. A miracle, really, considering the SEC’s usual habit of asking 100 questions about a single penny. 🧙‍♂️💸

The filing, signed by the enigmatic Steven McClurg of Canary Capital Group, was submitted on November 10, 2025. The SEC, in a rare moment of kindness, didn’t ask any questions, which is probably why they’ve been so quiet lately. The ETF will trade under the ticker “XRPC,” which sounds like a code for a secret society. 🕵️‍♂️

What the Filing Reveals

The SEC document reveals that the ETF is registered under the Securities Exchange Act of 1934, which is a fancy way of saying they’ve jumped through all the necessary hoops. The Nasdaq has been designated as the official trading venue, which is like being invited to a party you weren’t sure you’d get an invite to. The Form S-1 filing from October 24, 2025, is a masterpiece of legal jargon, but don’t worry, it’s all in good fun. 📄✨

The ETF will operate as a common share of beneficial interest, managed by Canary Capital Group LLC. This means investors can now buy a piece of the XRP action without having to deal with the messy business of actually owning cryptocurrency. It’s like a sandwich, but with digital coins. 🥪💸

Market Getting Excited

The news has already sent XRP’s price soaring, which is surprising because it’s not like the market was doing anything else. The end of the U.S. government shutdown is also helping, which is a bit like getting a free cup of coffee when you’re already broke. The crypto community is buzzing with excitement, hoping this ETF will bring XRP into the mainstream. It’s like the first step on a long journey, but at least it’s a step. 🚶‍♂️🚀

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2025-11-11 11:07