#XRPETFs

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) has approved a 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 impact the price of XRP today, but they have caused quite a stir. Recent fake cryptocurrency news has spread, and this may negatively affect investor confidence.