Rumors of the ProShares XRP Exchange-Traded Fund Cause Market Confusion - What We Know So Far

Despite rumors that the U.S. Securities and Exchange Commission (SEC) has approved the spot XRP exchange-traded fund, this is not accurate. 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 the price of XRP today, but they have created significant buzz. False cryptocurrency news has recently spread, and this may negatively impact investor confidence.