Despite the anticipation, ProShares has not yet officially announced the launch date for its three products:

Short XRP ETF, Ultra XRP ETF, and UltraShort XRP ETF.

XRP is currently trading at $2.27, up 1.5% for the day and 9% for the week, having recently reached its monthly peak at $2.36, while remaining behind the performance of some major cryptocurrencies.

Optimism continues in the market regarding the possibility of approving an ETF based on XRP, especially with the appointment of Paul Atkins as head of the Securities and Exchange Commission, along with the CME's announcement of offering futures contracts for XRP, which enhances investors' hopes for the adoption of a spot trading fund as soon as the ongoing legal issues with Ripple are resolved.