According to Bloomberg analyst James Seyffart, ProShares' XRP futures ETFs will not begin trading on April 30 as previously expected, despite receiving SEC approval. No official launch date has been set yet, but trading is anticipated in the short to medium term. The three products—Ultra XRP ETF, Short XRP ETF, and Ultra Short XRP ETF—target institutional investors seeking regulated exposure to XRP. ProShares is also awaiting SEC approval for a spot XRP ETF.