XRP ETFs: Finally? 😱 Solana’s Laughing All The Way!

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So, the prophecies (or, you know, regulatory filings) foretold an arrival of XRP Exchange Traded Funds. And, shockingly, it appears they’re… actually happening. Bitwise and Canary Capital, two entities whose names sound like they should be selling exotic birds rather than financial instruments, have apparently dotted all the ‘i’s, crossed all the ‘t’s, and generally stopped arguing with the paperwork people. Mid-November is the rumour. Prepare yourselves. (Or don’t. It’s your money, after all. 🤷)

According to frantic scribblings on those aforementioned regulatory documents, Canary Capital’s version looks set to burst forth around the 13th or 14th of November. Bitwise’s will waddle along a few days later, between the 19th and 20th. Dates dictated by a 20-day timer that started ticking down now the SEC has momentarily run out of things to delay. (The government shutdown helped, oddly enough. Sometimes doing nothing is the best policy. Who knew? 🤔).

Apparently, at least seven other people have decided to jump on the XRP bandwagon. Analysts, those people who are invariably right after the event, are saying there’s a race to see who can hoover up all the institutional money first. It’s like a feeding frenzy, but with more pinstripes.

Solana’s Breakout Adds Pressure on XRP Issuers

Now, things get a little awkward. Because just when XRP was thinking it might have a chance, Solana decided to go and be popular. Bitwise’s Solana ETF (BSOL) has become the top dog in the crypto ETF world – a truly shocking amount of cash, over 400 million dollars, flowing in. That’s more than BlackRock’s Bitcoin fund and Ethereum‘s ETFs put together. So, XRP is now entering the party a bit late and hoping someone hasn’t already eaten all the vol-au-vents. 🙄

Futures and Spot ETFs: Why XRP’s Timing Matters

You see, there have been crypto ETFs before, but they were all a bit… abstract. Like shadows of ETFs. These “spot” ETFs, though, are the real deal – they actually hold the asset. For XRP, this means a genuine pile of tokens backing each share. Which, in theory, should create a bit of scarcity and make people want them even more. (Economics! It’s a mysterious thing. ✨)

The rumours of ETFs for Litecoin and Hedera (HBAR) are spreading like wildfire. It seems institutional investors are starting to look beyond the usual Bitcoin and Ethereum suspects. The crypto market is expanding, and frankly, it’s exhausting just keeping up.

But for XRP, this is bigger than just another listing. It’s a chance to finally convince everyone it’s not just a digital curiosity invented by a very enthusiastic programmer. After years of courtroom dramas (and, let’s be honest, a bit of doubt), Ripple’s token is hoping for a bit of respect. And possibly a small raise. 💰

What Happens Next

Assuming all goes to plan (which, in the world of crypto, is a very big assumption), November 2025 will see XRP ETFs officially lumbering onto Wall Street. Canary Capital’s gets first dibs, followed by Bitwise and whoever else managed to get their paperwork in on time.

For XRP, it isn’t just about the money (though the money is nice, of course). It’s about finally being taken seriously. It’s about proving everyone wrong. It’s about… well, it’s about a whole lot of hope resting on a batch of financial products. No pressure, then. 😉

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2025-11-02 15:08