Will XRP Be the Next Big Thing? ETF Hope Sparks Online Drama

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The rumor mill’s buzzing louder than a swarm of bees, and it’s all thanks to XRP, with its filings that got folks’ hearts beating again as if a new sheriff was stepping into our dusty old town. Might this token be the cherry on the sundae, the next big name to strut down Wall Street? The buzz whispers of an impending break with the bigwigs, a spectacle we might all savor.

XRP ETF Buildup: Bitwise and Canary Stir the Pot with Their Latest Filings

By late in the blessed month of October, Bitwise Investment Advisers LLC alongside Canary Capital Group LLC played hopscotch with the U.S. Securities and Exchange Commission (SEC) by submitting their latest little amendments, and wouldn’t you know it, XRP just might be stepping up as the star child of this crypto show, dreaming its ETF debut.

The ever-noble Bitwise Investment Advisers LLC submitted what they call Amendment No. 4, a bit like a formal dance at a gala, for its grand entrance, a.k.a. XRP ETF, courting the NYSE Arca sweetly under a ticker that sounds like a secret-just XRP. The trust, held tightly in a grip like a schoolbook, follows the CME CF XRP-Dollar Reference Rate-New York style, hoisted up by those fancy folks at CF Benchmarks Ltd.

The tale grows richer as the custodians Knots of Coinbase will look after the treasure, with Bank of New York Mellon playing the adult in the room, acting as both administrator and transfer agent. Bitwise’s papers pranced around the news of $2.5 million seed money from its kindred spirit, Bitwise Investment Manager LLC, but sweetest of all is their promise: a 0.34% management fee, which magically vanishes for the first $500 million in assets during the fund’s first month at the party. It’s a simple trust that knows not the means of staking or lending, basking in the dappled sunlight of passive exposure.

Meanwhile, Canary Capital Group LLC, not to be outdone by its kin, kneels before the SEC with its own humble request, amendment No. 3 to its Form S-1. Their script is set for XRP ETF’s run on Nasdaq, a debut bearing the ticker “XRPC,” while it seeks companionship with Gemini Trust Company and Bitgo Trust Company as its guardians, all coordinated by a transport agent known fondly as U.S. Bancorp Fund Services. The gavel’s ring comes soon after a little beauty by the name of Solana ETF From Bitwise, a fresh reminder that IPOs are still wild places to chase dreams.

And so the story unfolds as Bitwise and Canary hum sweet tunes full of amendments, echoing louder dreams of XRP securing its spot among legends like Bitcoin and ethereum in the folklore of ETF markets. The amendments reveal the two’s affection for the success of their crypto lovechild, the Solana ETF, as they see a future where XRP merges with the tales of big-granny Wall Street, drawn by XRP’s seasoned role in conversing globally through payments and boasting of a wallet-light transaction.

FAQ
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  • What sparked the old hearts of gentlemen for XRP ahead of a hopeful ETF launch?
    Bitwise and the Canary, with a stroke of quill, filed those S-1 forms with the SEC in late October, bringing to life a siren’s breath towards the ETF shore, rekindling fire in the stoves.
  • What’s the grand plan for Bitwise’s XRP ETF for the folks betting on it?
    Bitwise’s ETF, standing noble as a Delaware fiduciary trust, grasps directly to XRP, tracking a path defined by CF Benchmarks’ benchmark, with Coinbase Custody perched like a watchful sentry, a price fair as a miser’s heart with only a 0.34% management fee initially benched up front.
  • How does Canary Capital propose to tip their XRP ETF hat differently from Bitwise?
    Canary Capital’s wish to list its fancy digital hat on Nasdaq invokes the ticker “XRPC,” calls on the gents of Gemini and Bitgo as fiduciaries, all spun in the smoky air of Coindesk’s CCIXber 60m New York Rate crunch.
  • Why do the sages smell this XRP ETF tale like it’s a milestone big enough to draw the big rig of institutional crypto love?
    XRP dons its seasoned cape of global trade and nary a penny is spared in transactions, marking it not just another runt climbing to the big leagues, but one that’s due to swell wallets far and wide – thanks to the success of Solana and kindred spirits.

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2025-11-03 03:58