On Monday, April 28, Bloomberg Intelligence ETF analyst James Seyffart addressed reports suggesting that ProShares would launch three XRP Futures ETFs on April 30. Seyffart clarified:
“UPDATE: a lot of people posting/reporting that ProShares will be launching XRP ETFs on April 30th. We’ve confirmed that’s not the case. We don’t have a confirmed launch date yet but we believe they will launch – and likely launch in the short or possibly medium term.”
Despite the clarification, XRP rallied to an April intraday high of $2.3620, fueled by optimism over Futures ETFs and anticipation of an eventual XRP-spot ETF launch.
Currently, 21Shares, Bitwise, Canary Funds, Franklin Templeton, Grayscale, and WisdomTree have filed XRP-spot ETF applications pending SEC review. However, investors may have to wait until Q4 2025 for any XRP approvals. Bloomberg Intelligence’s James Seyffart maintained confidence, noting:
“This doesn’t change our (relatively high) odds of approval. Also note that the final deadlines aren’t until October for these.”
