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SEC Rubber-Stamps ProShares’ Trio of XRP ETFs—Crypto Traders Brace for Impact
SEC Rubber-Stamps ProShares’ Trio of XRP ETFs—Crypto Traders Brace for Impact
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The regulatory dam cracks open—ProShares just scored SEC approval for not one, but three XRP-focused ETFs. Wall Street’s favorite ’volatility suppressors’ are coming for crypto’s most controversial asset.
Behind the ticker symbols: A calculated bet that institutional money will flood into Ripple’s embattled token. Never mind that the SEC still claims XRP is a security in ongoing lawsuits—apparently ETFs get special treatment.
Cynic’s corner: Nothing mends regulatory fences faster than the prospect of juicy management fees. The SEC’s ’hostile-to-crypto’ reputation just got a $20 billion Band-Aid.
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