Well, strap in, folks, because the crypto world is about to get a whole lot more interesting-or chaotic, depending on your perspective. The folks at 21Shares, who apparently never got the memo about taking a break, have just filed Amendment No. 3 to their S-1 form, inching us closer to the first-ever spot XRP ETF in the U.S. 🌍💸 If you’re not already hyperventilating into a paper bag, you should be, because this is a big deal. Or a big fiasco. Time will tell. ⏳
Here’s the kicker: if the SEC doesn’t wake up from its regulatory slumber in the next 20 days, this thing could get automatic approval by November 27. Yes, you read that right. Automatic. Approval. For XRP. In the U.S. Let that sink in for a moment. 🧠💥
21Shares Starts the Crypto Countdown ⏱️
On November 7, 2025, 21Shares decided to spice up our lives by filing Amendment No. 3 with the SEC. This isn’t just paperwork; it’s the starting gun for a 20-day review period. The SEC now has three options: approve it, deny it, or do absolutely nothing and let it slide into existence. Bloomberg’s Eric Balchunas, the ETF whisperer, pointed out that if the SEC goes full ghost, 21Shares’ XRP ETF will be a done deal. 🎉 Or, you know, a disaster waiting to happen. Depends on who you ask.
The XRP ETF Bandwagon Gets Crowded 🚌
Of course, 21Shares didn’t just stroll into this alone. No, no. They had to bring their friends. Just before their filing, big shots like Franklin Templeton, Grayscale, and Bitwise decided to join the party with their own ETF amendments. Each filing resets the approval clock, which means we’re in for a wild ride of countdowns and crossed fingers. 🍀
WisdomTree Throws Its Hat in the Ring 🎩
But wait, there’s more! WisdomTree, not wanting to be left out, filed for a Physical CoinDesk 20 Spot ETF. This bad boy tracks the top 20 cryptocurrencies by market cap, giving investors a smorgasbord of crypto exposure. Bitcoin (31.02%), XRP (19.60%), Ethereum, Cardano, Solana-you name it, it’s in there. It’s like a crypto buffet, but without the heartburn. 🥘
WisdomTree files for CoinDesk 20 ETF…
Will hold 20 largest digital assets by market cap that are eligible for inclusion in index.
It’s clear CoinDesk aggressively seeking to position w/in crypto indexing space (which I think will be massive).
– Nate Geraci (@NateGeraci) November 7, 2025
From Courtroom Drama to Wall Street Fame 🎭
Ever since Ripple’s 2023 legal victory against the SEC, XRP has been on a rollercoaster. Institutional interest has surged, and analysts like Nate Geraci think this could be the start of altcoins finally getting their moment in the Wall Street sun. 🌞 But let’s not forget: the SEC is still lurking in the shadows, ready to throw a wrench in the works. Will they? Won’t they? Place your bets now. 🎰
Meanwhile, XRP’s price has jumped 4%, trading around $2.32 with a market cap of $139.19 billion. Not too shabby for a coin that’s been fighting for regulatory recognition like it’s in a UFC match. 🥊
So, will November 27 be a day of crypto triumph or regulatory heartbreak? Only time-and the SEC-will tell. Grab your popcorn, folks. This is going to be good. 🍿
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2025-11-08 09:08