Picture the scene, darling: the crypto salons ablaze with breathless whispers! ProShares, so the wagging tongues insisted, was poised for a dramatic debut—an XRP ETF unfurling upon the world stage come April 30. Enter Mr. James Seyffart, Bloomberg’s absolutely unflappable ETF oracle, pouring a bucket of ice-cold reality over proceedings: “No launch date, dears, not even a faint whiff.”
It all began, as scandals so often do, with an idle April 15 regulatory filing. Media sorts, ever thirsty for drama, leapt at the opportunity to misinterpret. ProShares, exhibiting saintly patience, clarified their position: No, they aren’t launching an XRP ETF on April 30. No, they have nothing whatsoever to announce. Will someone fetch the smelling salts for the rumor mongers? 😏
The plot thickened, or at least frothed, as future-ETF enthusiasts waltzed in. These dashing products let you speculate on XRP’s fate without so much as holding a single digital coin. But beware! Futures ETFs are fickle creatures—positively sensitive, like debutantes at their first ball. Handle them with care or prepare for financial indigestion.
Meanwhile, our friend Nate Geraci (The ETF Store, not to be confused with Harrods), chimed in with an air of competence: perhaps there’ll be leveraged and inverse ETFs soon, allowing traders to place bets as frenzied as any at the Ascot. He waved vaguely at Teucrium, which has already foisted upon the world a 2x Long XRP ETF. Double or nothing, darling, but don’t ring me if you lose the Bentley.
Elsewhere, a patient queue is forming. Grayscale, Bitwise, Franklin Templeton, WisdomTree, 21Shares—all pining like lovesick suitors for regulatory approval to launch spot XRP ETFs. Alas, the regulatory wallflowers won’t dance before October 2025. Adjust your opera glasses accordingly.
Brazil, as ever, refused to wait for the Americans to catch up. On April 25, Hashdex sashayed onto the B3 exchange and listed the world’s first spot XRP ETF—XRPH11, darling, such a catchy ticker. It’s stuffed to the gills—95%, if you’re counting—with XRP. Their aim? To lure in institutional investors who fancy themselves crypto sophisticates.
This is, believe it or not, Hashdex’s ninth solo-crypto ETF south of the Equator. Previous conquests: Bitcoin, Ethereum, Solana. If variety is the spice of life, Brazil is positively picante.
Back in the U.S., Ripple’s legal saga with the SEC drags on—a melodrama for the digital age. Hushed talk of settlements swirl through the court filings, with the spotlight now fixed on Paul Atkins, who is either the SEC’s new chairman or an extremely diligent apparition.
Through it all, XRP pirouettes on, undimmed by rumor or regulatory ennui. At $2.30, it’s up for the day—bravo! The market cap has ballooned to a lush $133.5 billion. Trading volume? Up 28%, so someone’s definitely awake at the trading desk. One simply cannot keep a dramatic asset down. 💃
Read More
- Elder Scrolls Oblivion: Best Battlemage Build
- 30 Best Couple/Wife Swap Movies You Need to See
- To Be Hero X: Everything You Need To Know About The Upcoming Anime
- Summoners War Tier List – The Best Monsters to Recruit in 2025
- Snowbreak: Containment Zone Katya – Frostcap Guide
- Are Lady Gaga’s Ever-Changing Wedding Plans Suiting Fiancé Dizzy? Here’s What’s Happening
- Ein’s Epic Transformation: Will He Defeat S-Class Monsters in Episode 3?
- DC: Dark Legion The Bleed & Hypertime Tracker Schedule
- ALEO PREDICTION. ALEO cryptocurrency
- Netflix’s ‘You’ Season 5 Release Update Has Fans Worried
2025-04-29 21:12