Key Takeaways
- ProShares delayed the launch of its XRP futures ETFs, with no particular date set.
- Market sentiment for the approval of an XRP ETF stays optimistic, particularly after CME Group’s XRP futures announcement.
Share this text
ProShares won’t launch its XRP futures ETFs on April 30, Bloomberg ETF analyst James Seyffart confirmed at present, countering earlier reviews concerning the anticipated debut date.
UPDATE: so much folks posting/reporting that @ProShares will likely be launching XRP ETFs on April thirtieth. We’ve confirmed that’s not the case. We don’t have a confirmed launch date but however we consider they may launch — and certain launch within the quick or presumably medium time period.
— James Seyffart (@JSeyff) April 28, 2025
Whereas a launch is anticipated, ProShares has not set a particular date for the introduction of its three proposed XRP futures merchandise: the Quick XRP ETF, the Extremely XRP ETF, and the UltraShort XRP ETF.
XRP is at the moment buying and selling at $2.27, up 1.5% on the day and 9% over the past seven days. The asset not too long ago hit a 30-day excessive of $2.36 however nonetheless trails the efficiency of different main layer-1 belongings.
Market sentiment towards an XRP ETF approval stays optimistic, significantly following Paul Atkins’ appointment as SEC Chairman.
CME Group’s current announcement to introduce XRP futures has additional strengthened expectations for a possible spot ETF after the conclusion of Ripple Labs’ SEC authorized proceedings.
Share this text
