After the approvals of Bitcoin and Ethereum, spot ETF applications came for many altcoins such as XRP and Solana (SOL), and one of the most anticipated was undoubtedly XRP.
While expectations for the XRP ETF have increased following the conclusion of the long-running SEC-Ripple case, the launch of futures ETFs before the spot ETF caused great excitement.
At this point, news that ProShares would launch its XRP ETF on April 30 had created excitement in the crypto community, but it turned out to be fake news.
Bloomberg ETF analyst James Seyffart revealed that there is no official XRP ETF launch date yet. Seyffart noted that the ProShares XRP futures ETF will not start trading on April 30.
The analyst said that the XRP ETF does not have a confirmed launch date yet, but is expected to start trading in the short to medium term.
“Many are reporting that ProShares will launch an XRP futures ETF on April 30. However, we have confirmed that this is not the case. No specific launch date has been set yet but we believe they will eventually launch an XRP ETF. This is likely to be launched in the short term and possibly in the medium term.”
A ProShares spokesperson also denied the reports, saying: “ProShares does not have any ETF launches scheduled for Wednesday, April 30. We have no further news to share at this time.”
While no official launch date has been announced, ProShares is gearing up to launch three XRP futures ETFs: an Ultra XRP ETF offering 2x leverage, a Short XRP ETF offering -1x inverse leverage, and an Ultra Short XRP ETF offering -2x inverse leverage.
These ProShares ETFs will be the second, third, and fourth XR ETFs to be approved in the U.S. Since Teucrium launched its first XRP futures ETF on April 8, the ETF has begun trading on the New York Stock Exchange (NYSE).
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*This is not investment advice.