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XRP: Because One Court Victory and a Pending ETF Filing Aren’t Enough to Save You From Certain Doom, Analyst Says

Regulation/NegotiationRipple Linda Williams October 5, 2024

A rollercoaster ride: a rocket ship soars upwards with flames burning beneath it, only to plummet back down into darkness. The sky is filled with broken chains and shattered glass.

Just when you thought it was safe to get back into crypto… The XRP crowd is having a collective nervous breakdown over news of an upcoming exchange-traded fund (ETF) filing, only to be followed by the SEC’s decision to appeal its court loss to Ripple. Because what could possibly go wrong with this trainwreck? It seems like every other day we’re getting updates on when and if XRP will become a legitimate investment option – but let’s face it folks, until then, it’ll just keep being the buttcoin that everyone loves to hate. Meanwhile, Eric Balchunas is predicting that the ETF’s approval hinges more on who wins the US election than any actual merits of the cryptocurrency itself (Kamala Harris = no XRP ETF for you!). Stay tuned for more!.

Source: cointelegraph

XRP’s ETF hopes after SEC appeal depend on US election: Analysts
https://cointelegraph.com/news/xrp-etf-approval-depends-us-election-sec-appeal
The past week has been a rollercoaster ride for XRP holders. News of the filing for the first XRP exchange-traded fund (ETF) was followed by the United States Securities and Exchange Commission appealing its court loss to XRP issuer Ripple. Observers could be forgiven for wondering if the two events were connected. Consider the timeline: Index fund manager Bitwise applied to incorporate the Bitwise XRP (XRP)  ETF in Delaware on […]

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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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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