A fake rumor spread on the internet yesterday and the cryptocurrency community couldn't stay calm. The rumor claimed that the SEC was about to declare XRP as the official strategic reserve asset of the United States, with an important announcement seemingly coming from Paul Atkins at 1:00 PM EST.
However, the XRP community quickly called for sources, as there was no confirmation or official announcement regarding this development. "So in less than 30 minutes, we will hear that XRP is the strategic reserve?" one user questioned, indicating skepticism.
In a recent interview with Bloomberg Markets, Ripple CEO Brad Garlinghouse expressed optimism about the future of XRP, suggesting that it could be included in the digital asset reserves proposed by the White House. He also expressed confidence that an XRP ETF will launch by the end of this year.
ProShares XRP ETF Not Launching on April 30
XRP led the altcoin rally yesterday, rising over 7% after the SEC approved ProShares' XRP futures ETF. However, Bloomberg ETF analyst James Seyffart clarified that there is still no official launch date. Misinformation based on outdated legal filings has caused widespread confusion online.
He said that the launch is expected to take place in the near future. ProShares also confirmed that no ETF launch is scheduled for April 30. Meanwhile, the SEC has not yet approved any Ripple ETF applications, with companies like Grayscale, Bitwise, and Franklin Templeton still awaiting a decision.
Polymarket, a cryptocurrency betting platform, currently gives a 78% chance that the U.S. spot XRP ETF will be approved by December 2025, down from 87% in March but up from 68% in April. XRP is currently trading at $2.28, slightly down 0.2% in the past 24 hours, but up 9.5% in the past week.