Cryptocurrency investors scratched their heads last week after Proshares launched unjustified rumors Xrp ETFS on April 30th.
Bloomberg's ETF analyst James Seyffart intervened to dispel the disinformation, confirming that the official release date is not planned.
Proshares: There are no plans to start April 30
Proshares Is there no ETF planned for Wednesday, April 30, “the company spokeswoman replied to journalists yesterday.
The company did not comment on a schedule For the potential market for the future, unless they were said to have “no additional news to be conveyed at that time”.
Update: Lots of people posting/reporting it @Proshares Starts the XRP ETF on April 30th. We have confirmed that this is not the case. We do not yet have an approved starting date, but we believe they will start – and are likely to be triggered in the short term.
– James Seyffart (@jseyff) April 28, 2025
Image: Gemini Imagen
As market watchers explain, though the final date may be, investors may actually provide for market production during short and medium term. The confusion began with the regulatory submission of April 15, which many news organizations have been new as new.
You may have seen headlines about Proshares XRP ETFs that triggered this week.
But the spokesman told me:
“Proshares is not planned to start an ETF for Wednesday, April 30th. We have no additional news at the moment.”
– Ben Strack 🟪 (@strack_ben) April 28, 2025
Despite the confusion, the XRP price has remained relatively stable, trades at $ 2.28, rising at 0.79% with an increase of its lowest lowest level. Marketing statistics show that the 24-hour ceiling of Altcoin's 24-hour market increased by almost a percentage of $ 133.8 billion, and trading volume increased to 27% to $ 4.51 billion.
Future products arrive, not apply ETF
The ETF mentioned is not the actual signs of the XRP, as expressed by ETF store president Nate Geraci. Instead, the products follow the crypto using futures contracts, providing investors indirect contact with Altcoin price movement.
Geraci said new ETF There are both amplified and inverse versions. This comes after the Teucrium recently introduced the 2x long XRP ETF (XXRP) last month. The XXRP Foundation employs exchange contracts to give the XRP twice as much revenue and currently has about $ 42.70 million assets.
SEC still reviews the XRP ETF applications
If the futures-based products are in the securities and stock exchange committee in standby mode related to all Spot Ripple ETF proposals. Companies such as Grayscale, Bitwise and Franklin Templeton continue to expect regulatory decisions for their statements.
Source: Polymarket
Market analysts have asked why SEC looks more than Spot ETFs for futures-based products. Adjusting experts note that the futures ETFs generally have less obstacles in the fastening process than the on -site products, which are subject to stricter risk analysis.
Probability of approval
In the meantime, Ripple's ETF's approval has risen to 8-78% in the current year, according to a polymarket of the prediction market. This is when Proshares XRP ETF continues to be said.
Highlighted Picture of the Gemini Imagen, Graph of TradingView
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