XRP ETF Filings Bypass Shutdown – Will November Bring a Breakthrough?

by

Key Musings

Why, oh why, are all those issuers messing with XRP ETFs?

Turns out, they’re just trying to sneak their way into the market despite Uncle Sam’s government nap. Brave, or just desperate? Maybe both. 🚀

And what about the market’s mood for this grand launch?

Everyone’s walking on eggshells, tiptoeing around the broader market’s melodramatic pullback like it’s a soap opera. Suspense, tears, and maybe some popcorn. 🍿

But wait, amidst the chaos, some good news floats in-like a life raft for Ripple fans drowning in doubt.

Bloomberg’s ETF analyst, James Seyffart-who clearly has a crystal ball-says Franklin Templeton, Canary Capital, and Bitwise have filed updated XRP ETF plans. These new filings aim to dodge the government shutdown, so maybe, just maybe, we’ll see trading this very month.

If this pans out, XRP will join the ranks of other altcoins like Solana, Litecoin, and Hedera Hashgraph making their debut, as if the crypto market needed another dance card. 💃

And as a reminder, the recent Spot SOL ETFs also launched thanks to some fancy filings-no SEC approval required, because who needs permission when you’re already breaking the rules? Or so it seems.

What’s the XRP market truly thinking?

Launching a spot XRP ETF in the U.S. would be like Patrick fighting Squidward: a sign of major change after years of regulatory drama. Nate Geraci, with his ETF prime insights, says it’s “the final nail in the coffin for the anti-crypto regulators,”-which sounds fierce enough to make anyone crack a grin. Or a laugh. 😅

Meanwhile, the price of XRP is just doing its own melodrama, mostly influenced by the overall market’s mood swings rather than the filings. It dipped to $2.0, then bounced back to $2.2-but held onto a 12% drop in November, eyeing a “death cross,” a fancy term for more pain if sentiment doesn’t lift.

On the bright side, whales (the market’s big, overly dramatic players) are taking it easier. They’ve offloaded over 45 million XRP in two months-probably tired of the rollercoaster ride, or maybe just playing it cool for once. Their selling action coincided with the drop from $3.5 to $2, but if they start buying again, it could shake things up like a reset button. Remember Q2 2025? Yeah, it could be that good.

But don’t get too excited-options traders are hedging their bets with short-term puts, making it clear the near future remains as unpredictable as a kitten in a room full of laser pointers. That’s seen in the negative 25-Risk Reversal, which is basically market sentiment’s mood swing on caffeine. ☕

So despite the upcoming ETF fireworks and the whales finally taking a breather, everyone’s still clutching their pearls, uncertain whether this show will end in fireworks or a fizzle. The market prefers cautious whispers over bold shouts-because, after all, sometimes it’s better to watch the circus from the sidelines with a bag of popcorn. 🍿

Read More

2025-11-06 08:12