Darling, the Americans. Still fussing about with these…digital whatsits, aren’t they? One would think after all this time, they’d have sorted it all out. But no. Drama, drama, drama.
- Apparently, the Securities and Exchange Commission – frightfully slow chaps, aren’t they? – are still dithering about these XRP ETF applications, even with a new, hopefully less austere, head honcho.
- However, there’s a glimmer of hope, or so they say. A new filing, rather cleverly constructed, might just slip through the net.
“NEW: @AmplifyETFs just filed for an XRP option income ETF”
– James Seyffart (@JSeyff) August 29, 2025
A Rather Ingenious New Filing
It appears Amplify ETFs, bless their entrepreneurial hearts, have filed for something a bit different. Not a straightforward XRP ETF, oh no. Far too simple. This is an “options income ETF,” which sounds terribly complicated, doesn’t it? It involves options, premiums, and monthly income. Honestly, it all sounds remarkably…steady. Rather unlike the crypto market itself, one might add. Apparently, they’ve got $12.6 billion to play with as of July. Makes one feel positively impoverished.
The gist of it, as I understand – and frankly, one doesn’t always – is they’re not just sitting on piles of XRP, hoping it goes ‘up’ (whatever that means). They’re selling options on it, collecting fees, and handing the proceeds to investors. A predictable little income stream. Hardly glamorous, but probably quite sound. It’s all frightfully sensible, really.
This monthly arrangement, they claim, isn’t reliant on huge price surges. Though, one suspects, a little surge wouldn’t go amiss, would it? It’s about consistent returns, not wild speculation. A terribly bourgeois attitude, but one can’t fault the logic.
A Fighting Chance?
Now, old Gary Gensler – a name that will live in infamy in crypto circles I’m sure – has finally departed the scene. Thank goodness. His crusade against all things digital was utterly tiresome. It’s all gotten rather more…reasonable since he left, with dropped lawsuits and things. One might even say *civilized*.
But a spot XRP ETF? Still no. Heavens, no. The SEC is still shuffling papers and delaying decisions. The bureaucracy, darling, the bureaucracy! It’s enough to make one reach for the gin.
People are whispering that Amplify’s application has a better chance. Apparently, it’s different. Which, in Washington, is always a point in its favour. Though one shouldn’t get one’s hopes up, naturally.
However, the betting shops – or “prediction markets”, as they’re known now – suggest a spot ETF is still on the cards this year. Odds are at a whopping 90%! Which, frankly, sounds a trifle optimistic. Still, one can dream, can’t one?
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2025-08-30 12:58