XRP ETF on Track for SEC Approval by Dec 20? 💸 Hold Your Horses!

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If you thought waiting for the SEC was like watching grass grow, you weren’t alone. Well, hop on over to the NYSE because Bitwise just gave us a sliver of hope-Amendment No. 4, anyone? Yep, they dropped the big reveals: venue is the New York Stock Exchange and management fee is 0.34%! I’m not saying crypto’s finally going mainstream, but I am saying my Grandma could list an ETF if Bitwise’s team had her tenacity.

Bitwise’s Amendment: When Bureaucracy Meets Bedlam

On October 31, Bitwise filed Amendment No. 4 because apparently four amendments just feel fancier than one. The big reveals? NYSE as the venue (“because who doesn’t love tickers and Broadway?”) and a 0.34% fee. Eric Balchunas, that SEO-obsessed crypto oracle at Bloomberg, spilled his coffee over the keyboard praising it: “Bitwise checked nearly all boxes!”

Bitwise’s amendment reads like a grocery list: checkbox, NYSE, 0.34%. If this increasingly bureaucratic ceremony magical form doesn’t greenlight us, I’m vouching for monopoly money. – Eric Balchunas (@EricBalchunas) Oct 31, 2025

Historically, when this dance is complete, the SEC nods and says, “Sure, why not?”-unless they’re over 5% caffeine, in which case they’ll drag it out for three more months.

The Great XRP ETF Race: Speed Dating for Brokers

James Seyffart, the crypto soothsayer at Bloomberg Intelligence, hinted that Bitwise’s “shorter language” (aka legalese for “we’re done”) could fast-track approval in 20 days. Meanwhile, VanEck, Fidelity, and Canary Funds are all Florida-ing it into submission. Canary even ditched their “delaying amendment” because apparently, they’ve had enough of bureaucratic limbo.

Side note: If the SEC clears this, XRP could hit $3 like it’s tryhard, but I’ll believe it when I see it-preferably after visiting my emergency escape plan (aka Cowell’s Twitter).

XRP Price Buzz: Hype or Hope?

XRP dipped to $2.51, the cryptocurrency equivalent of “I bought this in a sale.” Analysts say approval could make it 2023’s “I Told You So” token, but bull market Grandma’s baked ziti could throw it back to $2 any day. Let’s just say, if you’re betting on $3, pack a raincoat.

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2025-11-01 09:28