A new key date has been revealed for XRP holders amid ETF hype
Last week, several media outlets and prominent social media influencers falsely reported that the products had received implicit approval from the U.S. Securities and Exchange Commission to launch on the mentioned date. The false news spread like wildfire, likely leading to a short-term spike in the price of XRP.
However, it was later confirmed that this is not true. As reported by U Today, it is unclear when the ETF products will actually be launched.
The recent amendment does not mean approval to launch the fund on May 14; it is merely a procedural update. However, the products are expected to be launched in the near to medium term.
ProShares has also applied for a spot ETF in the United States alongside several other companies. 🤝🐯🧡$XRP