In a Nutshell (or Should I Say, In a Nutshell ETF?) 🥜:
- After the SEC’s latest “let’s-delay-this-just-a-little-longer” antics, several Ripple ETF filings have been updated faster than a court jester changes his hat. 🎩
- The price of XRP has staged a comeback so dramatic it could rival one of my plays-rising from its local bottom thanks to yesterday’s legal plot twist.
Ah, the Eternal Dance of the ETF Updates 💃🕺
Just this week, the SEC decided that delaying decisions on XRP ETF applications by companies like Bitwise, Canary, Coinshares, and Grayscale was *absolutely necessary*. But fear not, dear audience! These companies, armed with quills sharper than wit itself, swiftly updated their filings. Bloomberg’s James Seyffart hints that these updates are likely due to feedback from the SEC-a process as predictable as a villain monologue in Act III. He quips:
A veritable parade of XRP ETF filings being refreshed today. Almost certainly prompted by SEC feedback. A good sign? Oui. Unexpected? Non. 🎭📚
– James Seyffart (@JSeyff) August 22, 2025
Fox Business’ Eleanor Terrett chimed in, noting that these updates are timely, given the looming October deadline for the SEC. Truly, time waits for no man-or regulatory body. ⏳
The Legal Tug-of-War: SEC vs. Ripple 🤼♂️
Ah, the saga continues! Yesterday, the Second Circuit approved the joint stipulation of dismissal between Ripple and the SEC, filed earlier this month. Could this be the final act of this legal opera? Experts suggest it might be, though we’ve seen false endings before-much like those pesky encore demands at the theater. Recall that Judge Torres once denied such dismissals, but perhaps she has finally tired of the drama.
And lo and behold, XRP’s price leapt higher than a harlequin on a trampoline! From a multi-week low of under $2.80, it soared to $3.10 quicker than you can say “encore.” Of course, the market revival post-Jackson Hole speech by Fed Chair Jerome Powell played its part-because no asset rises or falls in isolation, n’est-ce pas? 📈
Though it has retraced slightly since its peak, XRP still clings to $3.00-a level now as pivotal as the climax of a five-act comedy. Will it hold? Only time (and perhaps more SEC memos) will tell. 🕵️♂️
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2025-08-23 08:04