Significant Update on Ripple ETF: Keep an Eye on this Date if You Possess XRP

Despite the buzz about the approval of ProShares's futures XRP ETFs, there's no confirmed launch date yet. US investors are still waiting for a spot XRP ETF to be green-lit, with companies like Grayscale, Franklin Templeton, and Bitwise leading the charge.

ProShares has received approval for three XRP ETFs, namely the Ultra XRP ETF, Short XRP ETF, and Ultra Short XRP ETF. Despite initial reports suggesting a launch date of April 30, Bloomberg's James Seyffart clarified that it's not confirmed. Meanwhile, the world's first spot XRP ETF, managed by Hashdex, was approved by the Brazilian Securities and Exchange Commission in February, and is available on the local B3 stock exchange.