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3 New ETF Filings, Senate Stall & Evernorth on Nasdaq | Sep 1–15
Audio is available on Spreaker — see link below.
Three new XRP ETF filings hit the SEC this week, but approvals are far from certain — and September brings three high-stakes dates that could move markets fast. From leveraged ETF risk to a ten-percent Senate cloture probability and a billion-dollar XRP treasury heading to Nasdaq, this episode breaks down what actually matters.
Audio is available on Spreaker — see link below.
Three new XRP ETF filings landed with the SEC this week, and the market responded as if approvals were already in hand. They're not.
For context, seven U.S. spot XRP ETFs have already accumulated one point five seven billion dollars in combined assets. Bitwise leads that group with five hundred and forty-two million dollars.
Here's the part worth watching closely. XRP futures open interest sits at roughly three point four billion dollars, with Binance's leverage ratio hitting a seven-month high of zero point two one three after a forty-four percent rally.
The Senate is scheduled to hold a cloture vote on the Digital Asset Market Clarity Act on September fifteenth. Cloture requires sixty votes to advance debate, and the odds of clearing that bar have collapsed.
On the institutional side, the cleaner signal this week came from Evernorth Holdings. The SEC approved its registration for a one billion dollar XRP treasury merger with Armada.
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