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BREAKING: Bitwise Files for Spot XRP ETF, Because Clearly We Haven’t Learned Our Lesson About Pump and Dump Schemes Yet

Crypto NewsRegulation/NegotiationRipple Kevin Nelson October 5, 2024

A depiction of a filing cabinet bursting open, spilling out papers labeled 'XRP' amidst chaos; in the background, a clock ticks away with an ominous shadow looming over it.

Well, isn’t that just peachy? Another chance for crypto bros to get their hopes up only to be disappointed once again. Bitwise has filed for a spot XRP ETF with the Delaware Division of Corporations because apparently they want to give Ripple CEO Brad Garlinghouse’s optimism about an inevitable approval some semblance of credence. I mean, who wouldn’t love investing in something that might as well have been conjured up by a committee of gullible teenagers and has no inherent value whatsoever? The filing doesn’t confirm anything with the SEC yet because we all know how reliable their approvals can be… said no one ever.

Source: bitcoin.com

Asset Management Firm Bitwise Files for Spot XRP ETF
https://news.bitcoin.com/asset-management-firm-bitwise-files-for-spot-xrp-etf
Asset management firm Bitwise has filed for a spot XRP exchange-traded fund (ETF) with the Delaware Division of Corporations. While this does not confirm an immediate filing with the U.S. Securities and Exchange Commission (SEC), it aligns with Ripple CEO Brad Garlinghouse’s positive outlook on the future of XRP ETFs. Asset management firm Bitwise has initiated the process to establish an XRP exchange-traded fund (ETF). Details of the filing were […]

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Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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