🚀 XRP ETFs Queue Up for SEC’s Gaze: Is Approval in the Cards? 🃏

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It appears the U.S. Securities and Exchange Commission has taken a moment from its busy schedule of saying “no” to acknowledge the XRP ETF application from 21Shares. 🙄

These folks have thrown their hat into the ring to launch an ETF that’s as unpredictable as a cat in a room full of rocking chairs, all based on the whimsical performance of the Ripple-linked token. 🐱🪑

As U.Today helpfully pointed out, the SEC also did a bit of nodding towards Grayscale’s ETF filing. Nate Geraci, an ETF analyst with a flair for the dramatic, called it an “enormous message.” Perhaps it was the size of an elephant? 🐘

Ripple’s very own Brad Garlinghouse has been as confident as a duck in a pond about the “inevitable” approval of an XRP ETF in the US, while the naysayers have been as loud as a flock of seagulls at a landfill. 🦆🗑️

In this grand parade of hopefuls, WisdomTree and Bitwise have also joined the queue, each with their own version of a spot XRP ETF. The line’s longer than the one for the bathroom at a music festival! 🎪🚽

And let’s not forget Cboe BZX Exchange, which recently submitted a regulatory filing that’s about as exciting as a book on the history of doorstops, to list the shares of these soon-to-be-wonderful products. 📚🚪

According to Polymarket, the odds of an XRP ETF getting the green light this year are at 78%. That’s better than the odds of finding a four-leaf clover in a field of, well, three-leaf clovers. 🍀

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2025-02-14 22:05