Ripple (XRP) ETF Hype Explodes as VanEck, Canary Prep SEC Play
Wall Street's latest crypto crush? XRP—thanks to a surprise move by ETF heavyweights VanEck and Canary. Their secret weapon? A letter to the SEC that's got traders buzzing.
Why now? The timing reeks of opportunism—just as the SEC's crypto war chest looks emptier than a Bitcoin maximalist's social calendar. But hey, when the regulatory winds shift, the sharks circle.
Bottom line: This isn't your 2020 'moonboy' XRP hype. Institutional players are putting skin in the game. Whether that means actual adoption or just another paper gold rush? Place your bets.
Source: Polymarket
With 10 major institutions—including Bitwise, WisdomTree, 21Shares and others—waiting for their XRP ETF approval, the review process by the SEC marks a critical step for the outcome. Now the countdown for the potential decision has sparked excitement within the Ripple community, with Polymarket bettors wagering over $87,594 on the outcome.
Ripple’s improved legal standing, particularly after a clearer stance in the SEC’s lawsuit against the company, has bolstered investors’ confidence in the asset. Additionally, rumors of interest from major financial institutions like BlackRock have further driven speculation, though no official filing has been confirmed from either firm.
Also read: BTC and XRP are the Emergent Leaders for Global Reserve: Research
