In that endless ballet known as financial markets, as spring moons wax and wane, people cheered because coins bearing acronyms, especially that enigmatic XRP, were, by their very numbers, inching higher—$2.21, if one must speak precisely—a gain of 2.8% since yesterday, which felt like a lifetime ago to traders. Meanwhile, Ripple’s name echoed through drawing rooms, taverns, and Telegram chats, as people speculated—giddily or grimly—about its desire to acquire Circle, that other well-bred denizen of the crypto aristocracy. Of course, in Tsarist fashion, ETF chatter became the evening’s true entertainment: learned men now measure the odds of a spot XRP ETF’s approval in 2025 at 85%—mathematical hope at its most bittersweet.
But upon this chessboard of rumors, some whispered that Tuttle Capital’s fantastical 2x LONG XRP ETF had suddenly sprung to life on May 7th. Enter: John Squire. Not, one must clarify, a squire in the Tolstoyan sense, tilting at windmills with peasant wisdom, but a “crypto influencer,” wielding X.com as his scythe, slicing down misinformation.
The $XRP ETF is NOT approved today
The official SEC filing by Tuttle Capital clearly states the proposed effective date is May 21, 2025.
Any post claiming it’s approved today is spreading false or premature information.
Always check the source. #XRP #CryptoETF…
— John Squire (@TheCryptoSquire) May 7, 2025
For those who find hope in alphabet soup, Tuttle had indeed placed its bet with the SEC—ten bets, in fact—each a new ETF, from tokens ever so serious like Chainlink and Polkadot to the shall-we-laugh-or-shall-we-cry meme coins. This was unprecedented, or, in peasant parlance, “nutty.” At last, institutional kitchens wanted soup beyond just Bitcoin and Ethereum!
James Seyffart, one of Bloomberg’s scholarly analysts, dissected these filings as Dostoevsky once did troubled souls. He remarked—perhaps with a twinkle in his bespectacled eye—that Tuttle was testing the boundaries of the mighty SEC, that inscrutable Leviathan forever armed with parchment and quills. Who knows? Perhaps the task force assembled to divine the truth of crypto will give its blessing, or perhaps it will simply add another chapter to the bureaucratic novel that is American finance.
And what of the betting houses, the Polymarkets of our world? With grave expressions, they assign a 77% likelihood to an XRP ETF coming alive this year—better odds than a Russian peasant avoiding conscription. Meanwhile, gossips whisper of BlackRock’s intentions, promising “big news ahead.” One wonders: will this news come in the form of an ETF, a war, a love affair, or merely yet another rumor served cold with a side of despair? Place your bets, comrades. 📈🤔
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2025-05-08 13:22