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Right. So, Bitwise, those lovely people who apparently manage cryptocurrency index funds (a concept that still feels fundamentally improbable), have declared that XRP – yes, that XRP – will be allowed to wobble around on the New York Stock Exchange (NYSE) tomorrow. Thursday, to be precise. Which, if you think about it, is quite a thing. Like letting a particularly enthusiastic ferret manage a small country.
\n\n
Apparently, the product will boast the highly sought-after ticker āXRPā. Riveting stuff. One can only assume the marketing meeting for that one involved a significant amount of brainstorming, and possibly a dartboard. š¤
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Theyāre charging 0.34% to manage it, which, naturally, is waived for the first month if you happen to have half a billion dollars lying around. A mere pittance, really. A rounding error for the discerning investor. It’s almost as if they want you to use it. Suspicious.
\n\n
Bitwise insists XRPās blockchain is āinterestingā because itās beenā¦existingā¦for thirteen years. Thirteen years! That’s practically prehistoric in internet time. And itās still one of the biggest altcoins, apparently worth over $125 billion. Which isā¦a lot. Mostly ones and zeros, but still. š¤·
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It can also settle payments in seconds, they claim. Seconds! A truly breathtaking speed, if you ignore the fact that entire civilizations have risen and fallen in the time it takes to process a particularly complex transaction. š
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Furthermore, the XRPL is apparently quite keen on ātokenisationā. Whatever that is. It involves turning things intoā¦tokens. Itās all very confusing, and best not thought about too deeply, lest your brain try to escape. Money market funds, US Treasuries – everything is getting tokenised! Itās a digital world, and weāre all just living in a cryptocurrency simulation, probably.
\n\n
Bitwise filed for this thing back in October. Which, in geological terms, is only yesterday.
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XRP ETF bonanza
\n\n
And wouldnāt you know it, the first US spot XRP ETF (the Canary XRP ETF, ticker: XRPC – a name that evokes images of canaries in coal mines, which, frankly, seems appropriate) was approved by Nasdaq and started trading around November 13, 2025. They used the Securities Act of 1933, which sounds terribly official. Makes it all feel veryā¦legal.
\n\n
Franklin Templeton, those titans of finance, also launched their XRP ETF on November 18th. Because why not? The market apparently demands more digital tokens. š¤
\n\n
21Shares and CoinShares are joining the party sometime between November 20th and 22nd. It’s becoming rather crowded, isnāt it? Like a particularly enthusiastic digital conga line.
\n\n
And finally, the grand finale – Grayscale and WisdomTree are expected to show up on November 24th or 25th. Truly, a spectacle for the ages. One wonders if they’ve considered a parade. š
\n\n
Right. So, Bitwise, those lovely people who apparently manage cryptocurrency index funds (a concept that still feels fundamentally improbable), have declared that XRP – yes, that XRP – will be allowed to wobble around on the New York Stock Exchange (NYSE) tomorrow. Thursday, to be precise. Which, if you think about it, is quite a thing. Like letting a particularly enthusiastic ferret manage a small country.
Apparently, the product will boast the highly sought-after ticker āXRPā. Riveting stuff. One can only assume the marketing meeting for that one involved a significant amount of brainstorming, and possibly a dartboard. š¤
Theyāre charging 0.34% to manage it, which, naturally, is waived for the first month if you happen to have half a billion dollars lying around. A mere pittance, really. A rounding error for the discerning investor. It’s almost as if they want you to use it. Suspicious.
Bitwise insists XRPās blockchain is āinterestingā because itās beenā¦existingā¦for thirteen years. Thirteen years! That’s practically prehistoric in internet time. And itās still one of the biggest altcoins, apparently worth over $125 billion. Which isā¦a lot. Mostly ones and zeros, but still. š¤·
It can also settle payments in seconds, they claim. Seconds! A truly breathtaking speed, if you ignore the fact that entire civilizations have risen and fallen in the time it takes to process a particularly complex transaction. š
Furthermore, the XRPL is apparently quite keen on ātokenisationā. Whatever that is. It involves turning things intoā¦tokens. Itās all very confusing, and best not thought about too deeply, lest your brain try to escape. Money market funds, US Treasuries – everything is getting tokenised! Itās a digital world, and weāre all just living in a cryptocurrency simulation, probably.
Bitwise filed for this thing back in October. Which, in geological terms, is only yesterday.
XRP ETF bonanza
And wouldnāt you know it, the first US spot XRP ETF (the Canary XRP ETF, ticker: XRPC – a name that evokes images of canaries in coal mines, which, frankly, seems appropriate) was approved by Nasdaq and started trading around November 13, 2025. They used the Securities Act of 1933, which sounds terribly official. Makes it all feel veryā¦legal.
Franklin Templeton, those titans of finance, also launched their XRP ETF on November 18th. Because why not? The market apparently demands more digital tokens. š¤
21Shares and CoinShares are joining the party sometime between November 20th and 22nd. It’s becoming rather crowded, isnāt it? Like a particularly enthusiastic digital conga line.
And finally, the grand finale – Grayscale and WisdomTree are expected to show up on November 24th or 25th. Truly, a spectacle for the ages. One wonders if they’ve considered a parade. š
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2025-11-20 08:57