Hold onto your hats, folks, because the SEC is playing a game of “Hide and Seek” with XRP and its crypto buddies, Grayscale and Bitwise. In some mysterious Federal Register notices (yes, that’s a fancy way of saying “we’re watching you”), they’ve asked the public to squawk about these crypto beasts, GDLC and BITW, both swimming with XRP. The deadline to complain or cheer? August 22 — so hurry, or you’ll miss the great crypto showdown! 🎩🐍
Now, the GDLC Fund—imagine a tiny slice of XRP, about 6%, rubbing elbows with BTC, ETH, SOL, and ADA—got a thumbs-up from the SEC’s Trading and Markets Division on July 1. But hold onto your trombones! The big boss SEC hit the pause button faster than you can say “cryptocurrency,” claiming they need more time (because apparently, decisions are better when delayed). Grayscale, meanwhile, is waving the “but we waited long enough” banner, quoting some fancy rules to make a fuss. Because who doesn’t love a good bureaucratic hiccup? 🤷♂️
And just as if that wasn’t enough, Bitwise’s BITW fund, with just about 5.9% XRP—plus nine more crypto friends—also received a thumbs-up, only to be told “not yet, hold your horses.” Looks like the SEC is trying to decide whether they’re playing poker or charades, and nobody told us the rules. 🎲🎭
Insiders like Bloomberg’s James Seyffart say we might finally get a clear answer before the month’s end, while smarty-pants Eric Balchunas whispers (well, types) that XRP could get its very own spot ETF by September or October. Stay tuned, or don’t—who knows what the SEC will do next? 🚀
Remember, this is just hot air in the crypto oven. Don’t take it as financial gospel. Invest wisely or just enjoy the show. No guarantees, folks.
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2025-08-03 00:45