Hold onto your crypto wallets, folks! Canary Capital just yanked the “pause button” off their XRP ETF plans, setting the stage for a November 13 debut. Because nothing says “we’re serious about crypto” like launching a fund right before Tax Day. 🚀
This follows a week of surprisingly not-disastrous altcoin ETF launches. Solana, Litecoin, and Hedera all got their shiny new ETFs, proving the SEC’s vibe shift is real. Or maybe they’re just tired of saying “no.” 💸
“Wait, Is This Legal?” – Canary Capital, Probably
According to crypto sleuth Eleanor Terrett (aka the Indiana Jones of SEC filings), Canary Capital ditched the “delaying amendment” in their XRP ETF paperwork. Translation: They’re betting the SEC won’t pull a last-minute “actually, nevermind” like a bad Tinder date.
Without that amendment, the ETF auto-launches in 20 days unless the SEC slaps it with a “nice try” note. But hey, Nasdaq still needs to approve it. So cross your fingers, light a candle, and maybe sacrifice a whitepaper or two. 🔥
“Interesting… XRP’s SEC drama was less ‘tense negotiation’ and more ‘awkward silence.’ But why let due diligence ruin a good party?” – Bloomberg’s Eric Balchunas, who’s seen it all 🥵
Oh, and that government shutdown? Could slow things down if the SEC’s coffee machine breaks. Or speed it up if they’re desperate to tweet about progress. Priorities, people!
“SEC Chair Paul Atkins: The man, the myth, the ‘I guess crypto’s here to stay’ guy. He’s basically cheering Bitwise and Canary for gaming the system. Teamwork makes the dream work! 🙌”
ETFs: The Hot Dog Eating Contest of Crypto
Bitwise and Canary just dominated the altcoin ETF rodeo. Their Solana ETF raked in $56M on day one – more than my student loans. Litecoin? Modest. HBAR? Cute. But XRP’s the real sleeper here. REX-Osprey’s XRPR fund already hit $100M AUM. If this ETF launches, it’ll be the prom queen of crypto funds. 👑
Bottom line: The SEC’s playing “hot potato” with crypto ETFs. Everyone’s waiting to see who’ll blink first. Spoiler: It’s probably us, the investors, who’ll pay the price when this goes sideways. 😉
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2025-10-31 12:50