Will XRP ETFs Bring Salvation or Doom? A Dostoevskian Reflection

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In the shadowed corridors of the financial world, a prophecy emerges-a seemingly sinister whisper that the spot exchange-traded funds, those shiny new toys of modern finance, shall serve as the final coffin lid for that peculiar creature known as XRP. Adriano Feria, a man of some reputation-perhaps more for his fears than his insights-claims that these ETFs are nothing but the prelude to the apocalypse for our beloved Ripple. Aye, the beginning of the end, he proclaims, as if prophesying some divine punishment for our hubris-“No institutional demand,” he mutters with a smirk, as if that alone could seal its fate, or perhaps, reveal the emptiness of our collective hope.

Will demand rise from the ashes – or will it be but a fleeting illusion? 🤔

Some so-called ‘analysts,’ with their eyes glued to the glittering screens, dare to dream of a brighter future. They cite the CME Group’s futures-an empire of derivatives that has swiftly surpassed a billion dollars in open interest-as evidence that perhaps, just perhaps, XRP might dance once more upon the stage of Wall Street. Steven McClurg, a name that rings like a bell in the void, predicts that a flood of five billion dollars could flow into XRP ETFs at the first whisper of approval. Why? Because on the grand altar of Wall Street, XRP is second only to Bitcoin in reverence-like a lesser saint, waiting to be canonized-or cursed.

Oh, BlackRock and Fidelity-watching from the shadows, cloaked in silence. 🕵️‍♂️

BlackRock, that colossal monolith of the financial cosmos, has whispered-nay, declared-that it will not venture into the murky waters of XRP ETFs. A worrisome sign, some say, as if a giant is turning away from a dying ember. Meanwhile, Fidelity, perhaps more pragmatic and less poetic, has chosen to carve out a different destiny-filing for Solana-based funds but turning a cold shoulder to XRP. Yet, amidst this gloom, hope flickers: fifteen smaller players cling to their hopes, filing applications in the dead of night, as if desperate to awaken some dormant spirit in the markets.

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2025-08-31 12:13