Ah, John E. Deaton, that paragon of legal finesse, who once squared off against Elizabeth Warren in a most spirited Senate contest, now claims XRP ETFs will draw hordes of investors once the SEC grants its blessing. A noble pursuit, if one prefers their financial bets with a side of drama.
The number of applications, like a well-rehearsed cabaret act, keeps growing. The latest? A Monthly Option Income ETF for Ripple’s token-sure to be a hit with those who crave stability and the occasional fiscal surprise.
15 is a lot. Whether one adores it or detests it, I predict the inflows will astonish many. 🤭
– John E Deaton (@JohnEDeaton1) August 30, 2025
The Wolf of All Streets, ever the dramatist, claimed the total number of applications had reached 15. But let us not forget the latest filing this week-a sly addition to the ever-expanding roster of ETFs. One might say the SEC is now swamped with paperwork, like a Victorian hostess overwhelmed by guests.
Amplify ETFs, ever the innovators, filed for an XRP Monthly Option Income ETF. It doesn’t rely on volatile gains but instead employs strategies as predictable as a well-timed punchline. A masterpiece of financial engineering, if you’ll pardon the pun.
Despite the flurry of filings, the SEC continues to dawdle, as if deliberating over which tea to brew. The next deadlines loom in October, following a request for comments that has left issuers scrambling like penguins in a snowstorm.
Deaton’s optimism, while charming, is as reliable as a British weather forecast. He was once a stalwart of the XRP Army, a role that demands both loyalty and a penchant for legal theatrics. Whether the inflows will surprise in a positive way remains to be seen-though one suspects the XRP faithful are already drafting their victory speeches.
Meanwhile, the market watches with bated breath. The BTC ETFs made a splash, while the ETH ones took their time. XRP, ever the diva, waits in the wings, hoping for its moment under the spotlight. The crowd, it seems, is ready to cheer-or perhaps throw tomatoes.
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2025-08-31 08:06