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ProShares XRP Exchange-Traded Fund Rumors Create Market Confusion - What We Know So Far

Despite rumors that the U.S. Securities and Exchange Commission (SEC) approved the spot XRP exchange-traded fund, this is inaccurate. The only new development pertains to ProShares' leveraged exchange-traded funds and short XRP futures contracts, which will begin trading on April 30. It is unclear how these false claims will affect XRP's price today, but they have generated significant buzz. Recently, false cryptocurrency news has spread, and this may negatively impact investor confidence.