Ah, gentle reader! Gather ‘round as we embark upon a tale most curious, where the fabled Dogecoin and XRP ETFs pirouette at the very precipice of SEC approval, like a ballet dancer on the edge of despair! 🩰💸 A twist of fate, it seems, may unfold next month, when, according to whispers in the corridors of power, the final deadline approaches and a new SEC rule winks flirtatiously at our heroes!
The Soon-to-be-Released Amendments
In an astonishing turn of events! (Might we add a dash of melodrama here?) The illustrious Teddy Fusaro, the President of Bitwise, has declared that an avalanche of amendments could descend upon us this week. Three figures, shrouded in mystery, have divulged this tantalizing tidbit, as if it were a secret love letter! Can you sense the excitement? 🎉
But wait! Let us not forget our dear analysts, James Seyffart and Eric Balchunas, who, in a prior life-perhaps through the fog of bureaucracy-hinted that these amendments often signify good fortune in the SEC’s great temple of approval. Alas! The twists and turns of finance are truly worthy of a second act in a farcical opera, non? 🎭
Our friend Fusaro-let’s consider him the wise oracle-asserts that these latest filings embody a hope, a flicker of light in the otherwise dim alley of regulations. It seems that Dogecoin and XRP might just dazzle the SEC, meeting those ever-elusive generic listing standards, like lovers finally attired for the ball. 🕺💃
Yet, dear reader, the plot deepens! The new SEC rule looms over our heroes like a dark cloud, casting uncertainty upon the pending filings. If only they’d consult with a psychic! But fear not; amendments may just serve as the trusty magic wand that hastens their grand debut! 🌪️✨
According to the great oracle of timelines, mid-October emerges as the golden hour for possible SEC approval! Mark the date, October 18, for it may reveal whether our beloved Dogecoin and XRP are to dance into the light, hand-in-hand, just as Bitcoin and Ethereum once did in their triumphant pas de deux! 💑
As the clock ticks and everyone holds their breath, let us not overlook the imminent deadlines for other ETFs! They may rush in like eager suitors, vying for the attention of the commission, but oh! The 21Shares DOGE ETF plays hard to get until late November, keeping suspense alive like the best of Russian novels! 📖
A Flurry of Operations with XRP
Ah, a footnote! Hashdex has taken the leap approved by the SEC, expanding their crypto index to include our dear XRP and others, prancing under the new generic listing standards-how thrilling! The grand spectacle continues as Grayscale has unveiled its Crypto 5 ETF, flirting with the seemingly elusive XRP.
And in the midst of this chaotic dance, REX-Osprey has pulled the curtain for the very first Dogecoin and XRP ETFs-yet, it seems they play by the rules of the 40 Act and not the 33 Act. Oh, the audacity! Alas, Seyffart notes that these funds lack the purity of “pure” spot ETFs. What a twist! Like a well-placed gag in a comedy! 🤹♂️
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2025-09-26 21:24