#ProShares has updated its filing for $XRP .
The exchange-traded fund (ETF) has a new effective date of June 25, demonstrating ongoing efforts to secure SEC approval.
This update boosts sentiment in the $XRP market, accompanied by a rise in prices.
ProShares has updated its filing for the $XRP exchange-traded fund, indicating that the pressure for SEC approval is still ongoing. The amended date, now set for June 25, 2025, replaces a previous timeline and reflects the ongoing steps in a regulatory journey that began in January.
The XRP exchange-traded fund filing is attracting attention as a new date emerges.
As outlined in our previous news brief, the SEC approved ProShares to launch the first-ever XRP exchange-traded fund (ETF).
It is worth noting that the update of the ProShares XRP ETF filing, which was publicly shared on June 10, 2025, shows that the process has not stopped. Instead, the company is working on a timeline that is perfectly suitable for launch.
The filing was initially submitted in January 2025 and was reviewed through Form N-1A. This is a standard document required for open-end funds like exchange-traded funds. This form outlines the operational details of the proposed fund and is subject to a full review by the U.S. Securities and Exchange Commission.
After Amo,nyx shared the news on X, cryptocurrency observers on social media quickly picked up on the updates, sparking a range of reactions. Some users welcomed the progress. One comment described the shift as bullish, indicating optimism about a potential launch.
However, others expressed concerns about the date change, pointing to previous delays such as the unexpected April 30.
The new June 25 date provides a clearer focal point as the community continues to monitor developments. Meanwhile, another application for the XRP ETF, this one from Franklin Templeton, awaits a decision.
As mentioned in our previous article, a ruling on the proposed Franklin Templeton XRP ETF is expected by June 17. The overlap of these filings has increased pressure on the SEC to respond in a timely manner.
The role of the U.S. Securities and Exchange Commission remains central to XRP's outlook.
Based on previous outcomes from digital asset ETF filings, the potential approval of the XRP ETF holds weight for investors. This would allow people to invest in XRP without directly purchasing the cryptocurrency.
Similarly, ProShares, known for its range of ETF offerings, appears confident in XRP's potential, partly due to Ripple's role in developing the XRP Ledger. The project has seen significant success in terms of increasing adoption.
As previously mentioned, cryptocurrency analysts SMQKE stated that Bitcoin and Ethereum are too slow and expensive for global payments. However, XRP can handle more transactions at a lower cost, making it better for banks and cross-border use.
Although Bitcoin and Ethereum ETFs received the green light in 2024, XRP faces a more complicated path. Previous legal battles involving Ripple have placed the token under stricter scrutiny. However, April 2025 data showed a 7% increase in XRP's price following Franklin Templeton's filing, indicating strong investor interest. Currently, the price is up 1.26% to $2.318.
As June 17 and 25 approach, market participants are still waiting for a clear direction. The decision from the SEC may determine the path for XRP's integration into mainstream investment and whether it will join the growing list of cryptocurrency assets available through exchange-traded funds.
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