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 not accurate. The only new development concerns 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. Recent false cryptocurrency news has spread, and this could negatively impact investor confidence.