XRP ETF Saga: A Calendar, Fees, and a Dash of Absurdity 🗓️💸

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In the grand theater of financial folly, where numbers dance and fortunes waltz, the esteemed market oracle, Paul Barron, hath unveiled the sacred XRP ETF launch calendar. Behold, the dates and fees of these financial instruments, as Canary Capital prepares to unleash the first ‘33 Act XRP ETF upon the world this very day. 🦜📅

A Timeline of Ambition and Decimal Points

In a missive on the platform of X, Paul Barron, with the gravitas of a soothsayer, proclaimed that Canary Capital’s XRP ETF shall debut today, bearing a modest management fee of 0.50%, having secured the benediction of Nasdaq. Franklin Templeton, ever the patient suitor, awaits its turn between November 14 and 18. Bitwise, with frugality as its mantle, shall follow on November 19 or 20, boasting the humblest fee of 0.34%. 🧮💰

The saga continues with 21Shares and CoinShares, who shall grace the stage between November 20 and 22. Grayscale, with its 0.35% fee, lingers in the wings, poised for a late November entrance. WisdomTree, the final act, shall conclude this financial ballet. Yet, in this grand drama, one cannot help but marvel at the absurdity of it all-a dance of decimals and deadlines, where the stakes are high, and the humor is as subtle as a sledgehammer. 🎭🤡

Paul Barron, with the air of a prophet, declared that the XRP ETF era dawns today, as Canary Capital takes its bow. Bloomberg’s Eric Balchunas confirmed that Nasdaq hath issued the sacred listing notice for Canary’s XRPC, the final ritual before the launch. Nate Geraci, another voice in this chorus, noted that this fund shall be the first ‘33 Act spot XRP ETF to grace the stage. REX-Osprey, though a pioneer, offered but a partial glimpse into this world, lacking the full exposure that institutions crave. 🌍🔍

Meanwhile, the great American government, in its infinite wisdom, hath ended its shutdown, a spectacle of political theater that may yet influence the launch dates of these ETFs. The SEC, ever the gatekeeper, may offer its feedback, or perhaps, in a moment of divine inspiration, grant swift approval. Ah, the whims of bureaucracy-a comedy of errors and delays. 🏛️🤹‍♂️

The Maestro of Canary Capital Speaks

Steven McClurg, the CEO of Canary Capital, with the enthusiasm of a ringmaster, proclaimed their excitement to go live with the first single-token spot XRP ETF. He credited the visionaries at the SEC-Chair Paul Atkins, Commissioner Hester Peirce, and their ilk-for this triumph of free markets. One cannot help but chuckle at the irony of such praise, for in this world of finance, even the regulators are but players in a grand farce. 🎪🤝

XRP, the sixth crypto asset to join this ETF parade, follows in the footsteps of Bitcoin, Ethereum, Solana, Hedera, and Litecoin. Canary, the issuer of Hedera and Litecoin ETFs, predicts inflows of up to $10 billion in the first month-a sum that would make even the most stoic investor blush. Yet, in this game of numbers, one must remember that fortune is fickle, and humor is the only constant. 📈😂

As the curtain falls on this act, XRP trades at $2.47, a modest rise of 3% in the last 24 hours, according to the chronicles of CoinMarketCap. And so, dear reader, we leave you with this tale of ambition, fees, and absurdity-a reminder that in the world of finance, the only certainty is uncertainty, and the only solace is laughter. 🖼️🤣

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2025-11-13 23:19