Cryptocurrency investors scratched their heads last week after unfounded rumors started on April 30th XRP ETFS for proshares.
The analyst of Bloomberg ETF, James Seyffart, intervened to dispel the misinformation by assured that no official release date was planned.
Proshares: No plans for the start on April 30th
ProShares has “no ETF starts for Wednesday, April 30th”, the journalists replied yesterday.
The company did not comment on a schedule for future possible starts, except to say that it had “no further news at this time”.
Update: Many people who have published/registered this @Proshares will start on April 30th XRP ETFs. We have confirmed that this is not the case. We do not yet have a confirmed start date, but we believe that they will start – and probably start shortly or possibly in the medium term.
– James Seyffart (@jseyff) April 28, 2025
Image: Gemini Imagen
As market observers explain, investors, although there is no final date, can realistically anticipate an introduction to “short to medium -term”. The confusion came from a regulatory submission of April 15, which were described as new incorrect news organizations.
You may have seen headlines about Proshares XRP ETFs this week.
But a spokesman told me:
“Proshares has no ETF starts for Wednesday, April 30th. We have no further news at that time.”
– Ben Strack 🟪 (@strack_ben) April 28, 2025
The price of XRP has remained relatively stable despite the confusion, and the trade at $ 2.28 with an increase of 0.79% above the intraday deep. Market statistics show that the 24-hour market capitalization of Altcoin rose by almost a percentage to $ 133.8 billion and that the trading volume rose by $ 4.51 billion.
Future products that arrive more than spots are more based on ETFs
The ETFs mentioned will not contain any actual tokens from XRP, as expressed by Nate Geraci, the President of the ETF store. Instead, the products will follow the crypto by using futures contracts and offering investors indirect exposure to the price movement of the Altcoin.
According to Geraci, the new ETFs will have both levered and inverse versions. This happened after Teucrium recently introduced a 2x long XRP -TF (XXRP) last month. The XXRP fund employs SWAP agreements to make twice the daily return of XRP, and currently has around $ 42.70 million in assets.
SEC also checks Spot XRP ETF applications
While products that are based on futures continue to run the Securities and Exchange Commission with regard to all spot-ripple ETF suggestions while waiting and lake mode. Companies such as grayscale, Bitgewise and Franklin Templeton are still waiting for regulatory decisions about their submissions.
Source: Polymarket
Market analysts asked why the SEC seems better than spot ETFs with products based on futures. Regulatory experts find that Futures ETFs generally encounter fewer roadblocks in the approval process than Spot products that are exposed to stricter risk analyzes.
Approval opportunities
In the meantime, the likelihood of a Ripple -ETF approval rose by 8% to 78% in the current year, according to the prediction market polymarket. This continues to implement the Proshares XRP ETFS.
Selected picture of Gemini Imageen, Diagram from Tradingview
Editorial process Because Bitcoinist focuses on delivering thoroughly researched, accurate and impartial content. We comply with strict procurement standards and each page is diligently checked by our team of top technology experts and experienced editors. This process ensures the integrity, relevance and the value of our content for our readers.