๐ซ No XRP ETF Launch from ProShares on April 30 โ But Here's What You Should Know ๐
Despite swirling rumors, ProShares has confirmed:
๐ โNo ETF launches scheduled for Wednesday, April 30,โ
๐ฃ No timeline confirmed. No further news... yet.
So where did the confusion come from? ๐ค
๐ It started with a regulatory filing on April 15 that some media misinterpreted as a launch trigger.
Even top analysts like @JSeyff and @strack_ben have clarified: ๐จ No XRP ETF this week.
๐ฅ But donโt tune out just yet. Hereโs the real story:
๐ Futures-Based XRP ETFs Are Coming
These upcoming ETFs won't hold XRP directly. Instead, they'll track it via futures contracts, giving investors indirect exposure.
โก๏ธ ProShares and others are eyeing:
Leveraged XRP ETFs
Inverse XRP ETFs
Think: amplified gainsโor lossesโfor short-term traders.
โ๏ธ SEC & Spot ETF: Still Waiting
Firms like Grayscale and Bitwise continue to push for a spot XRP ETF, but regulatory delays persist. Why?
๐ง Futures ETFs face fewer hurdles vs. spot products, which demand stricter oversight.
๐ Meanwhile, XRP trades steadily at $2.28, with market cap near $133B and volume surging 27% in 24h.
๐ก Prediction markets (Polymarket) now give a 78% chance of XRP ETF approval this year. Things are heating up.
๐ฎ Bottom Line:
No XRP ETF yet โ but the infrastructure is quietly being built. Futures-based products are stepping in as regulators stall spot ETFs. Stay sharp. The window for XRP adoption may open faster than expected.
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