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

Despite rumors suggesting that the U.S. Securities and Exchange Commission (SEC) has approved the instant XRP exchange-traded fund, this is inaccurate. The only new development pertains to ProShares leveraged exchange-traded funds and short XRP futures contracts, which are set to begin trading on April 30. It is unclear how much these false claims will affect the price of XRP today, but they have caused quite a stir. Recent fake cryptocurrency news has been rampant, and this may negatively impact investor confidence.