{"id":52684,"date":"2025-10-14T06:16:32","date_gmt":"2025-10-14T06:16:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=52684"},"modified":"2025-10-14T06:16:32","modified_gmt":"2025-10-14T06:16:32","slug":"lawyer-sees-bargain-in-xrp-while-spot-etf-filings-move-forward","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=52684","title":{"rendered":"Lawyer Sees Bargain In XRP While Spot ETF Filings Move Forward"},"content":{"rendered":"
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Pro-XRP lawyer John Deaton raised awareness to a dip in XRP\u2019s price<\/a> this week as several ETF issuers updated S-1 filings with ticker symbols, a move that market watchers say brings the products closer to launch even as a US government shutdown slows regulatory work.<\/p>\n

According to price feeds, XRP traded around $2.57 at the time of reporting, up 7.5% for the day after tumbling to $1.20 over the weekend and staging a recovery of more than 100%.<\/p>\n

ETF Filings Move Forward<\/h2>\n

Based on reports from ETF<\/a> watchers, amendments have gone in for a number of spot XRP ETF applications. ETF analyst Nate Geraci posted that firms including Grayscale, Bitwise, Franklin Templeton, 21Shares, WisdomTree and Canary Capital filed updates.<\/p>\n

Some documents now list ticker symbols \u2014 Grayscale\u2019s would be GXRP, Franklin Templeton\u2019s XRPZ and Canary\u2019s XRPC \u2014 which market participants view as one of the last procedural steps before approval. Grayscale\u2019s decision was scheduled for October 18, while Bitwise\u2019s had an expected date of October 22.<\/p>\n

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XRP is a bit cheaper today as well. \"\ud83e\udd14\" https:\/\/t.co\/hnmrIxpV6I<\/a><\/p>\n

\u2014 John E Deaton (@JohnEDeaton1) October 11, 2025<\/a><\/p>\n<\/blockquote>\n

Regulatory Pause Hits Timetable<\/h2>\n

Reports have disclosed that the ongoing US government shutdown<\/a> has reduced the Securities and Exchange Commission\u2019s capacity to finish certain review actions.<\/p>\n

Reporter Eleanor Terrett said the agency is operating with a skeleton crew and has suspended functions that include accelerating registration statements and declaring S-1s effective, steps required for funds to begin trading.<\/p>\n

With a new generic listing standard now in place and the SEC asking issuers about withdrawing related 19b-4 filings, conventional deadlines may not hold.<\/p>\n

Prediction markets put the chance of the shutdown becoming the longest in US history at about 49%, which adds uncertainty to timing.<\/p>\n


\nPrice Action And Community Reaction<\/p>\n

Deaton posted a light comment on X, writing \u201cXRP is a bit cheaper<\/a> today,\u201d which was followed by a thoughtful emoji. That remark echoed a common refrain among XRP holders who see the current lull as an entry point while institutional products near readiness.<\/p>\n

At press time, XRP\u2019s rebound from a low near $1.20 to roughly $2.57 shows how quickly the token moved in recent sessions. Analysts note that continued filing updates suggest issuers expect approvals once normal SEC operations return.<\/p>\n

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Realize that the market cap of XRP went down by a ~$100Billion (a recorded low of $1.17), then bounced back up a ~$100Billion in MC on very little Net Flows in comparison.<\/p>\n

Trust, when they\u2019re ready to rocket this thing to infinity, it won\u2019t take as much money as anyone thinks. https:\/\/t.co\/59IiEhO2lX<\/a> pic.twitter.com\/wtQntCPzKA<\/a><\/p>\n

\u2014 Chad Steingraber (@ChadSteingraber) October 10, 2025<\/a><\/p>\n<\/blockquote>\n

Market Drops And Liquidations<\/p>\n

The broader crypto market suffered a rapid decline that intensified the drama. Based on market-cap metrics, total crypto value fell from $4.09 trillion at noon yesterday to about $3.3 trillion by nine PM (UTC), a loss of nearly $800 billion within nine hours.<\/p>\n

Community commentators pointed to heavy liquidations during that event. Chad Steingraber said the crash triggered what he called the largest XRP long liquidation in history, around $422 million, and he pointed to unusual exchange flows as part of the post-crash analysis.<\/p>\n

Featured image from Vecteezy, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Pro-XRP lawyer John Deaton raised awareness to a dip in XRP\u2019s price this week as several ETF issuers updated S-1 filings with ticker symbols, a move that market watchers say brings the products closer to launch even as a US government shutdown slows regulatory work. According to price feeds, XRP traded around $2.57 at the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-52684","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52684"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52684\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}