Floodgates open in S-1 filings for XRP ETF

We all know this year has been amazing in terms of all the positive changes in Crypto from defining regulations to unleashing Stablecoins to paving the path for ETF's, etc.  This week the floodgates opened as six (6) firms filed S-1 forms to XRP ETF's. 

The names read like a whose who in the Crypto realm

• 21Shares,
• Bitwise,
• Canary Capital,
• CoinShares,
• Franklin Templeton,
• WisdomTree

Need some great sleep inducing materials? Checkout their S-1 filings.

Not to be left in the dust Grayscale, resubmitted their new S-1 registration statement for its planned Grayscale XRP Trust ETF. I assume the OG Grayscale will get to go to the head of the line in this environment. But, we shall have to wait and see.

Timing is essential in life and in Crypto

All these filings took place on Friday as Fed Chair Jay Powell (JPow) hinted his new dovish stance and a pending September rate cut.  My take be careful what you wish for. JPow might be privy to information the general market participants do not have, yet.  I am talking about information as it relates to the overall health of the economy and unemployment figures.  Keep in mind we all have been waiting for weeks for this meeting, the expectation was for a rate cut. What happens if JPow cuts and then has to raise rates in Nov/Dec timeframe to tamp down inflationary pressures?  Just keep your head with all the frenzy!

Sure XRP has experienced major wins

SEC drops suit and XRP drops counter suit, XTP hit a fresh high recently and at the time of this writing its trading over $3.00 per token.  None of this detracts from the long term XRP can bring to the market.   Just trying to ensure everyone looks at all these filings with level headedness to ensure they don't step off a cliff unintentionally.

Summary

Great filings as six new and Grayscale resubmissions will bring massive attention to XRP and sudden wealth for some, not all! This is not financial advice just bringing filing news to you with a dose of reality!

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