Bitwise CEO Hunter Horsley, probably feeling pretty good about himself, hopped onto the X social media circus to shout about the shiny new inflows streaming into their XRP ETF. Imagine that-a man with a plan, or at least a good story to tell. Like a fisherman bragging about his biggest catch, he said, “Thanks to all the brave souls trusting us with their shiny coins.” Bless their heart. 🎣
That shiny thing, the Bitwise XRP ETF, officially started strutting its stuff under the cryptic ticker “XRP” on November 20th-right in the middle of a blockchain storm. Of course, the management fee is a modest 0.34%, but wait-Bitwise was feeling generous: waived that fee for the first month on the first $500 million in assets under management. talk about a party! 🎉
Now, picture this: the market is a rollercoaster, and cryptocurrencies are screaming down the tracks. XRP’s token took a nosedive below $2-like a balloon losing helium at a kids’ party, or a politician’s promise once the cameras are gone. Major cryptos dropping hard, but hey, that’s just another day in paradise, right?
Other players, same game
Just when you thought it was a quiet afternoon, Grayscale jumps into the fray, launching its own XRP fund-probably to keep the party lively. Among friends, Canary Capital and Franklin Templeton are lurking in the shadows, probably wondering if this crypto thing will ever settle down or just keep swinging like a pirate’s ship in a hurricane. 🌪️
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2025-11-24 21:57