Ripple’s ETF Saga: More Drama Than a Russian Novel 📉📈

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  • The much-ballyhooed REX-Osprey XRP ETF (ticker XRPR) arrives like a mysterious guest bearing “extras” – because who wouldn’t want their ETF with a side of surprises?
  • Meanwhile, Ripple cozies up with venerable titans Franklin Templeton and DBS Bank to create a playground where RLUSD stablecoin dances with the tokenized money market fund sgBENJI. Fancy names for financial waltzes, indeed.

XRP ETF

Telegram From the Frontlines of Finance

In these grim days of endless market machinations and crypto castles in the air, Ripple steps forward, its banner held high on the ETF battlefield. As the ever-watchful CryptoPotato scribes observed, the grand REX-Osprey XRP ETF is set to debut today – September 18 – as if the fate of the digital realm depends on it.

Though heralded as a mere “spot ETF,” insiders chuckle knowingly: this is no ordinary horse in the race. Eleanor Terrett, Fox Business’s oracle, pontificates that this creation is a “spot ETF with extras” – a term as Soviet as a vodka toast at midnight, wrapped in regulatory disguise.

“To my understanding,” she intones solemnly, “it’s a spot product clothed in the charitable rags of the ’40 Act, clutching real XRP plus cash, Treasuries, and derivatives-a concoction more regulated than your average spot product.”

For those struggling to keep pace with the alphabet soup of financial law: existing spot crypto ETFs, approved stateside, answer only to the Securities Act of 1933, relic of a different era governing commodity trusts. Should you wish to drown in more detail about how this REX-Osprey beast differs from its kin, feel free to plunge here.

Not to be outdone, Grayscale proclaims its own ambitions like a bard of the market square. Their CEO, Peter Mintzberg, assures us that the SEC has granted the sacred scrolls to launch a new Digital Large Cap Fund (GDLC), a buffet of BTC, ETH, XRP, SOL, and ADA-enough to satisfy even the most ravenous crypto appetite.

This GDLC promises a catered experience for investors who’d rather not wrestle with cold wallets or cryptic keys. Instead, it tracks the CoinDesk Large Cap Select Index, a daily affair of cash creation and redemption honoring the 10,000-share basket tradition, making crypto less like navigating the Gulag and more like sipping tea on a veranda.

Contracts Sealed With a Handshake (Or More Likely a Digital Signature)

As if this financial theater weren’t enough, Ripple sashays into an illustrious partnership with Franklin Templeton, guardians of $1.6 trillion in assets, and Singapore’s DBS Bank, a financial juggernaut with a penchant for stability and punctuality.

The newly inked memorandum of understanding vows to list sgBENJI-a tokenized testament to Franklin Templeton’s venerable US dollar money market fund-and RLUSD, Ripple’s stablecoin, tethered dutifully to the dollar. One can only imagine the dry meetings where this was decided, punctuated by the faint clink of seltzer bottles and sighs of weary bankers.

“In this brave new world,” the announcement reads, “DBS clients, blessed with eligibility, may trade RLUSD for sgBENJI tokens-reshuffling portfolios at will, around the clock, while harvesting yield amid market storms.” A poetic description of financial juggling, worthy of a Tolstoyan subplot.

Next on the agenda is unlocking liquidity by accepting sgBENJI tokens as collateral. Because why merely hold assets when you can pledge them as the future’s surety, weaving a tighter web of regulated complexity?

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2025-09-18 17:12