BlackRock & Fidelity’s XRP ETF Madness: Buckle Up! 🚀

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Ladies and gentlemen, step right up! The circus of financial absurdity is in town, and the main attraction? The XRP ETF race! 🎪 BlackRock and Fidelity, the Wall Street juggernauts, are reportedly eyeing the XRP ETF like it’s the last slice of pizza at a crypto convention. 🍕

Nate Geraci, the president of The ETF Store (yes, that’s a real job), recently took to X (formerly Twitter, RIP) to declare that an XRP ETF is “simply a matter of time.” Oh, Nate, you sweet summer child. Time is relative when you’re dealing with the SEC, who moves slower than a sloth on sedatives. 🦥

Geraci pointed out that XRP is the third-largest cryptocurrency without a stablecoin by market cap. Translation: it’s the awkward middle child of crypto, but hey, even middle children get love sometimes. 💕 He’s betting big on BlackRock, Fidelity, and a bunch of other firms with names that sound like they were generated by a corporate buzzword bot. 🤖

But wait! BlackRock is currently busy with Bitcoin and Ethereum ETFs because, let’s face it, they’re the popular kids in school. Jay Jacobs, BlackRock’s head of ETFs, basically said, “XRP? Solana? Who? We’re not ready for that drama.” 🎭 But analysts, those eternal optimists, are convinced BlackRock and Fidelity will eventually cave to the XRP hype. Because who can resist a good crypto soap opera? 📺

The plot thickens! Ripple Labs just settled their lawsuit with the SEC for a cool $50 million (down from $125 million, because apparently, even fines are negotiable). This is seen as a massive win for Ripple, and hopefully, it’ll open the floodgates for institutional adoption. Or at least a few more memes. 🚪💸

Meanwhile, Brazil is out here living in 3023 by approving the world’s first spot XRP ETF. 🇧🇷 The CVM gave Hashdex’s Nasdaq XRP Index Fund the green light, because why wait for the U.S. to figure its life out? Polymarket, the betting platform for people who like to gamble on financial regulations, says there’s an 87% chance of XRP ETF approval in 2025. 🎲

And let’s not forget Franklin Templeton, already in the XRP ETF race with $1.5 billion in assets. With XRP’s market cap at $144 billion, it’s only a matter of time before the big players jump in. Or so the experts say. Because, you know, experts are never wrong. 🙃

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2025-03-26 23:17