Ah, the government shutdown-how quaint! A mere 43 days of bureaucratic paralysis, and yet here we are, with XRP dancing on the precipice of… well, something. 🕵️♂️
The Senate, that paragon of efficiency, has finally brokered a budget bill to end the longest-ever government shutdown. One might say it’s a triumph of democracy, or perhaps just a temporary reprieve from the chaos. 🚀
The XRP community, ever the optimists, is pinning its hopes on a flurry of ETFs. The DTCC website now boasts 11 XRP ETF products, each more eager to launch than the last. But let us not get ahead of ourselves; a DTCC listing is merely the prelude to the main event-regulatory approval, which is as likely as a snowball’s chance in hell. 🧠
XRP’s price has surged 12% in 24 hours, a testament to the market’s faith in the future. At $2.56, it’s a modest sum, but then again, so is hope. 💸
11 XRP Products Listed on DTCC
As of Monday, the DTCC website features 11 XRP ETF products, including those by 21Shares, ProShares, Bitwise, and the ever-reliable Canary Capital. One wonders if they’ve already drafted the press releases. 🤷♂️
Though a DTCC listing does not equal actual launch, it signals that the ETF infrastructure is ready to be traded on US markets. Or, as I like to call it, “the waiting game.” 🕰️
It’s worth noting that Grayscale’s XRP Trust (GXRP) has not yet appeared on the DTCC website, and the list also does not currently include an XRP fund from WisdomTree. A mystery as deep as the ocean. 🧙♂️
“Government shutdown ending = spot crypto ETF floodgates opening,” ETF expert Nate Geraci wrote in an X post on Sunday. One can only hope he’s not referring to the deluge of regulatory hurdles. 🧙♂️
Bloomberg ETF analyst Eric Balchunas also posted on X on Sunday, noting the “shutdown is over” and highlighting a subsequent uptick in US equity futures. A curious coincidence, or perhaps a sign that the markets are finally paying attention to the real action-XRP’s ETFs. 📈
He also highlighted a post from Canary Capital, which claimed last Friday that its XRP ETF is “coming soon,” speculating that the product could go live by the end of this week. One might wonder if “soon” is a relative term in the world of ETFs, where “soon” could mean “next Tuesday, maybe.” 🤔
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2025-11-10 17:40