🚀 XRP & Doge ETFs: SEC’s Green Light or Cowardly Bluff? 🎭

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Darling, gather ’round, for the financial world is aflutter with the most delectable tidbit! Bloomberg’s darling ETF analyst, Eric Balchunas, has declared with all the certainty of a Coward quip that the odds of spot ETFs for XRP and Dogecoin securing US approval are a resounding 100%. Yes, you heard me, darlings-100%! 🍾✨

“Honestly, the odds are really 100% now,” he trilled, as if announcing the arrival of a long-awaited cocktail. “Generic listing standards have rendered the old approval clock as relevant as a cloche hat at a punk rock concert. All that’s left are the S-1s awaiting their final curtsy from the SEC’s Division of Corporation Finance.” 🕶️💃

This, my dears, follows the SEC’s recent decision to adopt “generic listing standards” at NYSE Arca, Nasdaq, and Cboe-a move as dramatic as a Coward plot twist. Commissioner Hester Peirce, ever the pragmatist, emphasized that once an ETP fits the standard, an exchange can list it without the prior 19(b) approval. How delightfully streamlined! 🧐📜

But what does this mean for our dear XRP and Dogecoin ETFs? Enter Eleanor Terrett, whose scoop revealed that the SEC has asked issuers of proposed spot ETFs for Litecoin, XRP, Solana, Cardano, and Dogecoin to withdraw their pending 19b-4 filings. “SCOOP: The SEC has asked issuers to withdraw their 19b-4 filings,” she posted, as if dropping a fan at a society ball. “Withdrawals could start happening as soon as this week.” 📰💨

Balchunas, ever the wit, endorsed this interpretation, calling it a “nice scoop” and noting that analysts had anticipated this shift once generic standards were finalized. “This was something we thought could happen,” he quipped. “Just not sure how the launch schedule will work yet-timing is now a matter of issuer and Corp Fin coordination, not a statutory countdown.” ⏳🤷‍♂️

Evidence of this end-game polishing is visible on EDGAR, where multiple Solana spot ETF applicants, including VanEck and 21Shares, have submitted fresh S-1/A amendments. While these updates are for Solana, the same filing pathway would apply to any spot XRP or DOGE product under the new standards. 🖨️📁

However, my darlings, let’s not pop the champagne just yet. Immediate launches are not guaranteed, and the timetable remains as elusive as a Coward one-liner. The operative question now is not whether the SEC can approve such funds-it can-but when Corp Fin will declare the S-1s effective and how exchanges and issuers will choreograph first-day listings. 🎭🤔

At press time, XRP traded at $2.89. 🤑💹

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2025-09-30 16:13