Cryptocurrency -Investers scraped their heads last week after the substantiated rumors went around Proshares launched XRP ETFs on April 30.
Bloomberg ETF analyst James Seyffart intervened to expel the error information by ensuring that no official release date has been planned.
Proshares: No plans for April 30 launch
Proshares Has “No ETF launches planned for Wednesday, April 30,” the company’s spokesman replied journalists yesterday.
The company did not comment on a Timeline For future launches, other than saying that they had “no further news to convey right now.”
Update: Many people who publish/report that @PRoshares will launch XRP ETFS on April 30. We have confirmed that this is not the case. We do not have a confirmed launch date yet, but we believe they will be launched – and are probably launched in the short or possibly medium term.
– James Seyffart (@jseyff) April 28 2025
Image: Gemini Imagen
As Market Watkers explains, although there is no definitive date, investors can realistically predict a launch in “cards to the medium term.” The confusion derives from a regulation of April 15 that submitted as several news organizations that are incorrectly described as new.
You may have seen headlines about Proshares XRP ETFs that are being launched this week.
But a spokesman told me:
“Proshares have no ETF launches scheduled for Wednesday, April 30. We have no further news to share right now.”
– Ben Stack 🟪 (@stack_ben) April 28 2025
XRP’s price has remained relatively stable despite the confusion and acted at $ 2.28 with an increase of 0.79% over its intradation was low. Market statistics indicate that Altcoin’s 24-hour market value increased by almost one percent to $ 133.8 billion, with trade volume that grew 27% to $ 4.51 billion.
Future based products arriving rather than Spot ETFs
ETFS mentioned will not hold actual tokens of XRP, expressed by Nate Geraci, chairman of the ETF store. Instead, the products will follow crypto by using futures agreements and offers investors indirect exposure to the price movement for altcoin.
Geraci said the new ETFS will contain both claim and reverse versions. This comes after teucrium recently introduced a 2x long XRP ETF (XXRP) last month. The XXRP Fund has swap agreements to provide twice the daily return on XRP and currently has about $ 42.70 million in assets.
SEC is still reviewing Spot XRP ETF applications
While products based on Futures advance, Securities and Exchange Commission remains in wait-and-see about any Spot-Ripel ETF proposals. Companies like Grayscale, Bitwise and Franklin Templeton continue to wait for legislative decisions about their posts.
Source: Polymarket
Market analysts have asked why SEC seems to be more comfortable with futures -based products than Spot ETFs. Regulatory experts note that Futures ETFs generally meet fewer roadblocks in the approval process than spot products, which are exposed to stricter risk analyzes.
Approval
At the same time, the chance of a rippling -etf approval during the current year has risen 8% to 78%, according to the Prediction Market Polymarket. This is while it has continued to talk about Proshares XRP ETFs.
Image from Gemini Imagen, Chart from TradingView
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