Why July 18 Could Change Everything for XRP, or Just Be Another Tuesday

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In an absolutely rollicking episode of “What on Earth is Happening to My Crypto?”, Pro-XRP lawyer John Deaton has donned his most jubilant socks in anticipation of July 18th. On this most consequential of days, which may or may not involve sky-diving pigs, Deaton is looking back nostalgically at how XRP has tripped, tumbled, and gamboled its way into the legal limelight. Why is this date particularly notable, you ask? Because it might just herald the arrival of yet another fund that offers unadulterated exposure to our dear little altcoin! 🎉

The Musical; Pro-XRP Lawyer Comments on July 18 ETF Launch Date

In a tweet—ah, the modern-day oracle of truth—Deaton rejoiced over ProShares’ XRP ETF sashaying onto the scene on July 18th. He reminisced about a heroic federal judge two years ago, who bravely proclaimed, “Lo and behold! The altcoin itself is not a security!” Cue the confetti! 🎊 This declaration was the fruit of a laborious battle fought by a valiant brigade of 75,000 XRP holders, who dutifully backed Deaton’s amicus brief like a chosen crew of the intergalactic space fleet.

With a wit sharper than a Vogon’s poetry, Deaton remarked that *two years later*, lo and behold, XRP ETFs are ready to party. Apparently, this is a big, fuzzy win for free markets (and probably for the spirit of capitalism, if it needs a hug). According to the firm’s rather official filings with the SEC, the ProShares XRP ETF is slated to throw open its doors on July 18, ushering forth a torrent of cash that could ripple through the altcoin’s ecosystem. 🤑

As the Pro-XRP lawyer sagely pointed out, these shiny milestones in the realm of ETF launches are a direct result of Judge Analisa Torres’ ruling in the XRP lawsuit. This stroke of legal genius shed light on XRP’s true status and primed institutions like a batch of quality, caffeinated scones to jump into the altcoin frenzy. This newfound clarity is like a rocket booster for the altcoin’s price—one can only assume it comes with a complimentary towel and a fancy hat.

On a slightly less jubilant note, the ProShares XRP ETF is, shockingly, a futures-based fund. Not quite the spot ETF investors were hoping for, which would grant them direct access to the altcoin. Instead, this fund will invest in a smorgasbord of futures and derivatives contracts, wrapping investors in an indirect embrace that may or may not result in botanical reactions. 🌱

Canada’s XRP ETF Achieves Major Milestone (No, Not a Census)

Meanwhile, across our friendly international borders, 3iQ has announced that its Ripple-backed XRP ETF—Canada’s largest XRP fund for those who enjoy unnecessarily elaborate titles—has managed to rake in over $50 million in client assets since its launch on June 18. CEO Pascal St-Jean declared this a “significant milestone” because when you reach $50 million, even your coffee mug starts to look a little posh. ☕

This impressive haul not only showcases the unwavering interest in these mystical assets but also points to a likely frenzy once the spot funds manage to cross the border and launch in the US. Bloomberg’s crystal ball gazers—James Seyffart and Eric Balchunas—are unleashing predictions that there’s a whopping 95% chance the SEC will nod in approval this year. Yes, 95%! That is not much room for winter squash, my friends.

And while we’re salivating over potential fund launches, market expert Nate Geraci astutely noted that Ripple’s decision to abandon its cross-appeal in the XRP lawsuit is the equivalent of laying out a welcome mat for these funds. The SEC is allegedly preparing to drop its appeal as well, which anyone with an imagination knows is a bullish sign for the altcoin. 🐂

As of this very moment, the XRP price is frolicking at around $2.87—down over 2% in the last 24 hours. Possibly waiting for its moment to strike, or quite possibly considering a career in interpretative dance. 💃

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2025-07-16 02:19