Wild XRP ETF Frenzy: 21Shares Joins the Circus, Fifth in a Week! 🚀🤡

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Key Takeaways:

  • XRP ETFs have sucked in a staggering $666 million, with every day a new record – and none of them have dared to leak a single penny back out! 🎩💰
  • Enter 21Shares, strutting onto the stage Monday with ticker TOXR, the fifth XRP ETF to crash the party in just days. Truly, a spectacle! 🎭
  • Thanks to locked-up ETF custody, XRP’s circulating supply on exchanges is vanishing faster than my last paycheck – and institutional demand is pouring in! 🧙‍♂️💸

Ah, the grand illusion of stability! Thwarted by the past four weeks’ chaos, the XRP-linked ETF circus has devoured capital with a greed that would make even the most seasoned debt collector blush. And now, a new clown enters the ring-who could have predicted? 🤹‍♂️

The real surprise? Not the show of shiny new funds sprouting left and right, but that these precious funds have yet to shed a single tear of outflow since anointing the stage with their first trade. Yes, sir, the liquidity fairy is apparently napping. 🦄

The Inflow Circus: No One Saw It Coming 🤡

Fancy charts tell tales of $666 million flowing into XRP ETFs in less than a month. That’s right – more cash than a small country’s GDP, all cozy in just thirty days! Total assets now reach nearly $688 million, which is about a tiny 0.52% of XRP’s entire market cap, making you wonder if the market has suddenly discovered its love for shiny paper. 💵✨

The biggest splash? November 14, when Canary’s debut unleashed the Kraken, producing the loudest single-day buying spree in this comedy act. 🎉

And just yesterday, another $22.68 million rushed in, like good peasants swarming the new lord’s feast. Meanwhile, the cold vaults dig deep, hoarding XRP away and leaving the spot markets whispering quietly, “Is this real life?” 🔒🕵️‍♀️

Meet the New Clown in the Arena 🎪

After the inflow frenzy, behold! 21Shares has waved its magic regulatory wand and will start trading its U.S. XRP ETF on Monday. Tick-tock, say hello to TOXR, listed on the Cboe BZX, tracking the CME CF XRP-Dollar Rate – a true masterpiece of financial wizardry! 🧙‍♀️

By then, this new jester will join the merry band with giants like Grayscale and Franklin Templeton, who-surprise!-saw ridiculous demand on day one. The game’s no longer about being first, but about dancing to the rhythm already set by the institutional crowd. 💃

The Great Farewell: Not Everyone Wants to Play Anymore 🕺

Meanwhile, CoinShares, once eager to strut onto the stage, has bowed out, filing an exit note in a dramatic flourish. Multiple amendments, mental gymnastics, then-poof-gone. Industry whisperers suggest internal reshuffling, not lack of interest, is behind this grand exit. Maybe they just got bored. Or maybe it’s too much fun watching others fall flat? 🎭

The above tale is purely for entertainment, not for you to start throwing money like a drunken sailor. Always do your homework before joining this circus. And remember: in the world of crypto, today’s spectacle is tomorrow’s forgotten meme! 🚀💀

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2025-11-29 14:06