XRP ETF Approval: The Gossip, the Guesswork, the Glorious Delay! 🕰️

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Ah, dear reader, the chronicle of the spot XRP ETF approval marches on: not briskly, but with the hobbled elegance of a bureaucrat ascending a spiral staircase, pausing at every landing to check his watch, which is stuck on 1999. However—a positively shimmering however—by some quirk of fate or the stock-ticker musings of Crypto America’s own Eleanor Terrett, we now have that most tantalizing of things: a range upon which to pin our fluttery, ETF-starved hopes.

XRP ETF Approval Around Mid-October

James Seyffart, a luminary in the ETF firmament (yes, Martha, people really do aspire to such things), casts his solemn gaze upon mid-October—October 18 to be absurdly precise—for the finale of this SEC soap opera. Imagine, if you will, a high-stakes game of red light, green light, but everyone is colorblind and the referee is on lunch break.

Some more detail after speaking with ETF guru @JSeyff just now:

These dates are all intermediate and we will likely see final decisions on a lot of the crypto ETPs in Q4. For the $XRP spot ETF, James is eyeing mid-October, around the 18th, as a final decision deadline. It’s…

— Eleanor Terrett (@EleanorTerrett) April 29, 2025

But lest you tattoo that date to your arm in eager anticipation, Seyffart slyly acknowledges—between sips of probably tepid coffee—that the SEC might shuffle onto the scene early, provided inspiration (or insomnia) strikes their committee chambers. If this forecast seems as precise as a fortune cookie, that’s because it is, only with less MSG.

Whispers echo that while the iron-willed agency could presumably strike before October, Q4 is primed for the kind of ETF action that drives cryptocurious investors to bite their fingernails clean off. Bring popcorn, dear spectator; it may be the longest fourth quarter in history. 🍿

Franklin XRP ETF Decision Pushed to June

Meanwhile, the SEC continues its peculiar waltz, this time sidestepping Franklin Templeton’s XRP ETF petition from May to a new prom date—June 17. Surprise? Not for anyone who’s seen this cabaret before! After all, they took their sweet, government-mandated time with Bitcoin and Ethereum, too. Sticklers for tradition, these folks.

But here’s a plot twist worthy of telenovelas: the SEC doesn’t always max out its time! Sometimes, in moments of caffeinated lucidity, engagements with lawyers and issuers can quicken the tempo. Hope springs, if not eternal, at least biannually. ⏳

Polymarket Prediction: XRP ETF Approval Could Happen in 2025

Peering into the crystal ball of Polymarket (where everybody’s an oracle and nobody gets paid in chickens anymore), punters currently peg XRP ETF approval odds at a positively Vegasian 78%… by 2025. That’s an awfully hopeful crowd, but then, hope is free and nobody pays capital gains on optimism.

So, yes, the process may unspool over “a few more years”—but enthusiasm, dear reader, is bullish. If only we could ETF hope itself!

Brazil Launches First XRP ETF

Yet what light through yonder trading window breaks? Brazil, sinuous and sunlit, has launched the world’s first XRP ETF, christened XRPH11, under the watchful gaze of Hashdex and Genial Investimentos. A rhapsody for the crypto-century—and a prod in the ribs of American regulators, who may now feel, not for the first time, that South America has bested them at the game of financial “firsts.” 🇧🇷

Should the Brazilian experiment prove joyous, the U.S. may leap, or perhaps totter, into action. Take heart, o brethren of the blockchain—they’ll get there. They always do. After all, what is regulatory delay if not America’s national pastime?

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2025-04-29 23:23