Hold onto your hats, crypto fans! The SEC has graced us with yet another XRP ETF filing acknowledgment, this time from Bitwise. Just last week, Cboe BZX Exchange threw their hat in the ring with a few XRP ETF applications, Bitwise’s included.
Now, you might be thinking, “What’s the big fuss? The price of XRP hasn’t exactly skyrocketed with these announcements.” Well, dear reader, you’re not wrong. But, as they say, every cloud has a silver lining, and these filings are no exception. After all, it’s better to be acknowledged than ignored, right?
XRP ETF Enthusiasts: Full Speed Ahead!
The crypto community has been buzzing with excitement over the past few weeks, and for a good reason. The SEC has been warming up to crypto, and Ripple has been feeling the love. Rumor has it that the long-standing lawsuit might be coming to a close, and the SEC has been acknowledging XRP filings left and right. What a time to be alive!
Today, the SEC added another filing to their ever-growing pile:
“Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934, and Rule 19b-4 thereunder, notice is hereby given that on February 6, 2025, Cboe… filed with the Securities and Exchange Commission a proposed rule change to list and trade shares of the 21Shares Core XRP Trust,” the filing read.
Ah, the sweet sound of progress. But, as they say, “Fool me once, shame on you; fool me twice, shame on me.” So, let’s not get too excited just yet. After all, this is the third XRP ETF filing acknowledgment from the SEC, and the price of XRP is still playing hard to get.
However, the Polymarket odds are in favor of approval this year, and who are we to argue with the wisdom of the crowd? So, let’s keep our fingers crossed and hope for the best. After all, good news always comes in threes, right?
But, wait! Don’t get too carried away. This isn’t the first time the SEC has acknowledged an XRP ETF filing, and the price of XRP didn’t exactly jump for joy after the first two announcements. In fact, the asset’s price has been as limp as a wet noodle, with ETF hype unable to work its magic.
Despite the lackluster price action, there’s no denying that the SEC is picking up the pace. Grayscale filed their XRP ETF proposal back in late January, and the SEC confirmed it earlier this week. And, let’s not forget about CBOE and Bitwise’s filing, which is barely a week old in business days.
So, there you have it. The SEC is moving faster than a cheetah on roller skates. Well, maybe not that fast, but you get the point. Here’s hoping that more good news is just around the corner!
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2025-02-19 02:15