The XRP Showdown: ETFs, Fights & Fame-Oh My! 🚀💥

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Imagine, if you will, a splendid European outfit-one 21Shares-hailing from the lands where the croissants are flaky and the financial schemes even flakier, teasing the U.S. with a dazzling new toy: the XRP ETF, lovingly dubbed TOXR. Because who doesn’t want their investments to sound like a venomous pet name? 🐍

This valorous firm, with its history of managing a motley assortment of crypto exchange-traded products across the globe, first dared to whisper its intentions to the mighty SEC back in the distant November of yore, submitting its S-1-an elegant dance of paperwork, amendments, and wishful thinking. Like a nervous debutant, 21Shares kept submitting, polishing their bowtie of filings, hoping to impress the stern-eyed regulators with their finery.

Finally, on a fateful November day, the SEC granted their blessing-Form 8-A-an official nod that said, «Yes, you may now play in the big leagues.» And so, the XRP ETF was born, ready to waltz onto the Cboe BZX Exchange, eager to track the market’s every whim with the fidelity of a loyal puppy-but with more financial risk and probably less cuteness. 😏

The Gladiators of the Ripple Realm

Meanwhile, across this glittering arena, titans like Bitwise and Franklin Templeton blurred into the spotlight, launching their own spot XRP ETFs with fanfare that could rival a royal coronation. Canary Capital, ever the early bird catching the juicy worms, snagged significant trading volume mere moments after their debut on November 13-no doubt celebrating with a champagne toast or perhaps just a lonely soda. 🥤

In a recent episode of “Who’s Got the Largest XRP Hideout,” the winners-can you guess?-are Canary with 169 million XRP snugly in custody, Grayscale’s brash GXRP with 104 million, and Bitwise clutching 93.8 million like a dragon hoarding its treasure. Franklin Templeton’s XRPZ isn’t far behind, holding 78.2 million XRP, proudly marching into the ETF hall of fame.

And just to spice things up, rumors swirl of other contenders-WisdomTree and CoinShares-poised to jump into this XRP treasure hunt, because why not turn this into a full-blown digital gold rush? The total XRP squirreled away in ETF vaults approaches an impressive half-billion mark-because nothing says stability like a river of XRP flowing into the abyss of speculation.

Brad Garlinghouse himself, the Ripple CEO, recently acknowledged these titanic sums, probably with a wry smile and a drink in hand, basking in a sea of net assets that scream, “The game is on, buddy.” And we haven’t even begun to see the fireworks. 🎆

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2025-12-10 18:12