SEC Gets Another XRP ETF Filing Because Why Not? 🤷‍♂️

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Roundhill Investments, the financial equivalent of that friend who insists on bringing Jell-O shots to a wine tasting, has filed yet another update for their XRP-themed ETF. Because apparently, the world needed one more thing to make crypto investors scratch their heads.

Some folks are treating this like it’s the Second Coming of Satoshi, while others-probably the ones who’ve been burned before-are side-eyeing it like a suspicious casserole at a potluck. 🥘

So, what’s the deal? Well, let me break it down for you in terms even your crypto-obsessed uncle could understand.

Roundhill’s Latest Filing: A Masterclass in Bureaucratic Ambiguity

According to paperwork submitted to the SEC (because nothing says “exciting financial innovation” like a government form), Roundhill wants to tweak their XRP Covered Call Strategy ETF. Or, more accurately, they want to delay it. Because nothing builds investor confidence like the words “we’re not ready yet.”

This filing confirms that XRP is now officially a “base asset” for ETFs, which sounds important until you realize it’s like being named “Employee of the Month” at a failing Blockbuster. 🎥

Oh, and before you get too excited-no, this isn’t a spot ETF. No actual XRP tokens will be harmed (or held) in the making of this financial product. Instead, Roundhill’s plan is to make money by… well, honestly, it’s easier to explain quantum physics.

Translation: They’re betting on XRP’s price swings without actually touching the stuff. It’s like betting on a horse race but refusing to go near the horses because they smell. 🐎

The Fine Print: Or, How to Disappoint Crypto Bros in One Easy Step

The filing makes it clear-this update is just about delaying the launch. Not changing the structure. Not adding sparkles. Just… waiting longer. Because why rush perfection?

Still, it’s a baby step for XRP’s legitimacy in the eyes of regulators, which is kind of like getting your parents to finally acknowledge your “artistic” career after 10 years. 🎨

The Big Question: Will Roundhill Ever Actually Launch an XRP ETF?

Roundhill’s strategy seems to be “make money off XRP’s drama without actually holding XRP,” which, honestly, is the most Wall Street thing ever. Meanwhile, the XRP community is over here like, “Wait, where’s our spot ETF?”

Predictably, XRP’s price did a little hop-skip-jump on the news, currently sitting at $1.87-which, coincidentally, is also the price of a decent latte. ☕

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2025-12-31 09:58