After Bitcoin and Ethereum were approved, many other cryptocurrencies like XRP and Solana (SOL) have submitted applications for spot ETFs, and one of the most anticipated cryptocurrencies is definitely XRP.
While expectations for the XRP ETF have risen after the long-running SEC-Ripple lawsuit concluded, the launch of a futures ETF before a spot ETF has generated significant excitement.
At this time, news that ProShares will launch the XRP ETF on April 30 has created excitement in the cryptocurrency community, but it turned out to be false news.
Bloomberg ETF analyst James Seyffart revealed that there is still no official launch date for the XRP ETF. Seyffart noted that ProShares' XRP futures ETF will not start trading on April 30.
Analysts indicate that the XRP ETF does not yet have an official launch date but is expected to start trading in the short to medium term.
"Many are reporting that ProShares will launch the XRP futures ETF on April 30.
However, we have confirmed that this is not true.
Currently, there is no specific launch date set, but we believe they will eventually launch the XRP ETF.
"There is a possibility that this project will be implemented in the short term and possibly in the medium term."
A spokesperson for ProShares also denied the reports, stating, "ProShares has no ETF launches scheduled for Wednesday, April 30. We have no further news to share at this time."
Although no official launch date has been announced, ProShares is preparing to launch three XRP futures ETFs: the Ultra XRP ETF offering 2x leverage, the Short XRP ETF offering -1x inverse leverage, and the Ultra Short XRP ETF offering -2x inverse leverage.
These ProShares ETFs will be the second, third, and fourth XR ETFs approved in the United States. Since Teucrium launched the first XRP futures ETF on April 8, this ETF has begun trading on the New York Stock Exchange (NYSE).
