In the labyrinth of ticker symbols and market murmurs, Eric Balchunas-a scribe of Bloomberg’s oracle-revisits his parchment on XRP ETFs, where the quill’s shadow once hinted at faint demand. “We never whispered absence,” he insists, as if a poet accused of silence in a storm. 📜
Yet he sketches a cosmos where Bitcoin reigns as the sun, and lesser assets orbit as faint satellites, their glow dimmed by celestial distance. Thus, XRP ETFs, he claims, shall drift as minor constellations beside Bitcoin’s blazing zenith. 🌌
Can demand bloom in the shadow of doubt?
Ah, but the skeptics! They point to Chicago’s colossus, CME Group, where XRP futures-like a rebel sonnet-breached $1B in open interest faster than a sparrow’s heartbeat. 🐦💸 And behold, futures-based ETFs swell to $800M, as if summoned by a sorcerer’s chant. Nate Geraci, a bard of NovaDius, roars: “They see not the tempest in this glass!” 🌪️
The dice of approval roll
U.Today’s scrolls once prophesied: Bloomberg’s seers gave XRP ETFs a 2025 coronation. But Polymarket’s gamblers, those modern-day Nostradamuses, wager 82% on a 2024 debut. 🎲✨ Will the regulators’ curtain rise on time? Or shall we dance forever in the antechamber of “maybe”? 🎭
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2025-08-27 09:31