A Most Scandalous ETF: Society Awaits XRP’s Grand Debut 💅📜

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It is a truth universally acknowledged that a financial gentleman in possession of a promising asset must be in want of an exchange-traded fund. Thus, the respectable house of Canary Funds has, with great ceremony, submitted an updated S-1 to the ever-demanding SEC-a document of such consequence that one might imagine it attended by trumpets and silk ribbons. 💼✨

In this revision, the issuer most audaciously removed something known in the vulgar parlance as a “delaying amendment.” I daresay, it is quite the modern equivalent of tearing up one’s dance card before the evening has even begun! 🕺💃

By doing so, the filing, like a debutante of determined spirit, shall become effective after merely twenty days. How delightfully impatient! One can almost hear the whispers: “November 13th, my dear-mark it well!” For on that fateful date, the long-awaited XRP ETF may, at last, make its grand entrance into society after months of suspenseful glances and fan-fluttering anticipation. ⏳💎

Should the venerable Nasdaq bestow its blessing upon the Form 8-A (that most bureaucratic of dance partners), the ETF shall officially come alive and twirl across the trading floor. Yet, as in all matters of romance and regulation, one must beware the fickleness of the SEC-it may, at any moment, interject with another comment or two, just to keep the suitors guessing. 😏📑

Last month, the Depository Trust & Clearing Corporation (DTCC)-a name as long as its patience-was kind enough to list this yet-to-be-unveiled marvel. One might say the stage is nearly set, the candles are lit, and the orchestra is tuning up. 🎻

Canary’s Trading ETF

Canary’s product, not yet introduced to polite company, is soon to become the very first traditional spot XRP ETF in the United States. Such a debut would surely send ripples of excitement through the financial parlors, for it promises greater liquidity-an attribute highly prized both in assets and in conversation. 💬💰

Meanwhile, the REX Osprey XRP ETF (XRPR), with its impressively managed fortune exceeding $100 billion, remains only partly devoted to XRP itself. Indeed, it is structured under that ever-so-proper 1940 Act, which, though respectable, lacks the sparkle of a true spot ETF. 🎩📜

Will There Be Demand?

As one astute observer, Mr. Nate Geraci, recently declared, the forthcoming XRP ETFs are likely to enjoy most robust inflows-much like the triumph of Bitwise’s spot Solana ETF, which took the financial ballroom by storm. 💃📈

And so, dear reader, the race continues! Canary Capital, Franklin Templeton, and Bitwise all vie for glory, each hoping to be first to secure the affections (and investments) of an eager market. It is, indeed, a spectacle worthy of the ton’s keenest attention. 🏁👒

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2025-10-31 00:27