XRP ETF: The Financial Fiasco You Can’t Afford to Miss! 🎢💰

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Ah, the merry dance of finance! 21Shares, that bastion of fiscal whimsy, has deigned to file an updated prospectus for its much-ballyhooed 21Shares XRP ETF (TOXR). One can almost hear the champagne corks popping in the boardroom as this masterpiece of modern capitalism edges closer to regulatory approval-just as the plebs are clamoring for their crypto fix. 🥂🤑

  • 21Shares, in a fit of bureaucratic zeal, has filed yet another prospectus for its XRP ETF (TOXR). How quaint! 📜✨
  • The ETF, like a debutante at a ball, is one step closer to its grand launch, with a management fee trimmed to a mere 0.30%. How generous of them! 🙇♂️💸
  • In a move that screams “we’re serious about this,” 21Shares is seeding its product with 20,000 shares at $25 each. Traders, ever the optimists, are already dreaming of a Solana-esque rally. 🌙🚀

For those who’ve been following this financial soap opera, the 21Shares XRP ETF has submitted its fifth amendment to its S-1. Fifth, you say? One wonders if they’re aiming for a Guinness World Record. 🏆📝

In a gesture as magnanimous as it is calculated, the issuer has lowered its management fee from 0.50% to 0.30%. A small mercy, perhaps, but one must take what one can get in this dog-eat-dog world. Still, no word on whether they’ll waive fees entirely-heaven forbid! 🙏💔

A Brief History of Financial Folly

The ETF became “auto-effective” last month, whatever that means. Now, it awaits a CERT filing before it can officially launch. The goal? To offer investors a regulated way to dabble in XRP without the hassle of crypto wallets. Because who needs the thrill of losing their savings in a hardware wallet when you can lose it in the stock market instead? 🤡📉

Investors can buy shares through traditional brokerage accounts, while the ETF tracks spot XRP prices from the CME CF XRP-Dollar Reference Rate. It’s like having your cake and eating it too-except the cake is made of cryptocurrency, and it might just disappear overnight. 🍰🕳️

Three Custodians? Why Not a Dozen?

On the custodianship front, 21Shares has assembled a veritable dream team: Coinbase Custody, Anchorage Digital Bank, and BitGo Trust. BNY Mellon, ever the reliable sidekick, will handle the cash side of things. Foreside Global Services, meanwhile, is the marketing agent. Because what’s a financial product without a bit of marketing magic? 🎩🐇

According to the December 8 filing, the fund will hold actual XRP. Direct exposure, they say. But let’s be honest, it’s about as direct as a detour through a maze. 🧭⚠️

21Shares is seeding the ETF with 20,000 shares priced at $25 each. So, if you’ve been itching to get a piece of XRP, this might be your chance-assuming you’ve got $500,000 lying around. Pocket change, really. 💼💸

XRP ETFs, globally, are on a roll, with 16 consecutive days of net inflows. Total assets under management? A cool $923 million. Not bad for a digital token that’s more meme than money. 🌍💹

  • On Monday, XRP ETFs attracted $38 million in net inflows. Franklin Templeton’s XRP ETF (ARCA: XRPZ) nabbed $31.7 million of that. Talk about a gold digger! 🏅💰
  • Bitcoin ETFs, meanwhile, saw $60 million in net outflows. Ouch. Someone’s feeling the burn. 🔥😢
  • Ethereum ETFs gained $35.49 million. Steady as she goes. 🚢✨
  • Solana ETFs are bringing up the rear with a modest $1.18 million in net inflows. Better luck next time, Solana! 🍀🙃

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2025-12-10 01:10