Hark! XRP, that digital bauble, doth still hold sway in the fickle hearts of the crypto-courtiers! A rabble of devoted followers cling to it with the fervor of a miser to his gold. π° And lo, ’tis said its recent performances have been, shall we say, not entirely displeasing, inspiring a support most… tenacious. The latest whispers on the wind speak of ETF filings, hinting that XRP might just be the next to receive the SEC’s royal, albeit grudging, nod of approval, following in the esteemed footsteps of Ethereum. π€
XRP ETF Filings, A Swarm of Ten!
Indeed, no fewer than ten such entreaties have been presented to the SEC, a veritable deluge of paperwork, especially in light of the recent Ethereum Spot ETF approvals. These contrivances, dear friends, are designed to provide institutional investors a dignified, official conveyance to dabble in the crypto-market’s grand masquerade. As Bitcoin and Ethereum ETFs have already had their day in the sun, issuers now cast their covetous glances upon other large-cap altcoins, eager to join the fray.
Among the chosen few are XRP, alongside such luminaries as Solana, Dogecoin, and Litecoin. Yet, in this grand steeplechase, XRP hath distinguished itself most assuredly, boasting twice the number of filings as any other digital trinket. A testament, perhaps, to its inherent charm? Or merely to the desperation of its devotees? π
According to the scribes at Kaito Research, a full ten XRP ETF filings languish, awaiting the SEC’s pleasure. In stark contrast, Solana boasts a mere five, while Litecoin and Dogecoin each muster but three. A clear indication, one might surmise, that interest in XRP as the next ETF darling is… palpable. Or, at the very least, aggressively marketed. π€·ββοΈ
Furthermore, the SEC hath deigned to acknowledge the XRP ETF filings from such industry titans as Grayscale. ProShares, Franklin Templeton, Bitwise, and 21Shares have also thrown their hats into the ring. Curiously, BlackRock, that behemoth of finance, hath yet to make a move for an XRP ETF, despite having led the charge for Bitcoin and Ethereum. Perhaps even they have their limits? π€£
Nevertheless, these filings for XRP ETFs remain a matter of great import for the altcoin and its faithful flock. Should they be granted, a new wave of price increases could wash over the market, enriching some and leaving others floundering in its wake. Such is the nature of the game! π€
ETFs and the SEC: A Conclusion Most Welcome
For many a moon, the primary obstacle to an SEC blessing of an XRP ETF was the ongoing feud between the crypto firm and the regulatory body, a battle waged since 2020. However, in March of 2025, Ripple‘s CEO, Brad Garlinghouse, declared the skirmish officially concluded. Huzzah!
With this welcome development, expectations run high that the regulator will now view an XRP ETF with a more benevolent eye. Should these ETFs be approved, even with a fraction of the trading volume seen by the Bitcoin ETFs, the price of XRP is predicted to skyrocket, with some analysts foretelling a rise to the double-digit realms. A fanciful notion, perhaps? But in the world of crypto, anything is possible. Or so they say. π€‘
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2025-04-17 15:05