According to Bloomberg analyst James Seyffart, despite receiving approval from the U.S. Securities and Exchange Commission (SEC), ProShares' XRP futures ETF will not begin trading as expected on April 30. A formal listing date has not yet been determined, but it is expected to launch in the short to medium term. The Ultra XRP ETF, Short XRP ETF, and Ultra Short XRP ETF are primarily aimed at institutional investors seeking regulated XRP investment channels. ProShares is also awaiting SEC approval for a spot XRP ETF.