Proshares set on May 14 on the revised date for the launch of its XRP Exchange Exchange Fund based on term contracts (ETF), according to a recent post-efficiency amendment.
This follows the confusion that started due to a regulatory deposit of April 15, which certain media misinterpreted. Proshares later clarified That they have no XRP ETF scheduled for April 30 and would update.
With confusion, commentators have said that such a possible proshares ETF would be an ETF based on future, and not an ETF SPOT XRP. FNBs in the long term can provide exposure to XRP without holding it directly, but FNBs in the long term are generally more sensitive.
Proshares Targets May 14 launches for XRP Futures ETF
With a new change in deposit with the Securities and Exchange Commission (SEC) of the United States, Proshares reveals that he will launch his FNB XRP based on future on May 14. However, the document is a procedural update and does not confirm the final approval of the SEC.
The initial The deposit led to confusion in financial media and social networks. Some sources have wrongly indicated that the SEC had allowed ETF to start negotiating on April 30.
This news has led to a short price leap for XRP; However, it was subsequently specified that no approval of this type had been granted.
Proshares also submitted a file for a real FNB XRP with the FNB based on future. Franklin Templeton, Bitwise and Grayscale are among the other companies that have requested such funds.
Franklin Templeton's request can be considered one of the most popular of all the applications submitted. On April 29, the SEC extended its decision on the proposal of Franklin Templeton until June 17. The company recorded the XRP ETF in March after having recorded a similar request for the Solana ETF.
Eleanor Terrett, journalist according to ETF developments, wrote on social networks that:
“For the ETF Spot $ XRP, James [Seyffart] envisages mid-October, around 18, as a deadline for final decision. »»
Crypto ETF's decisions are looming while the leading changes in the dry
Large asset managers such as Blackrock and Fidelity have not yet deposited for ETF XRP, but rumors suggest that they can enter the market in 2025 if competition demand increases.
While Proshares and Franklin Templeton attracted the most attention, the American sec also extended the deadlines for other ETF deposits, including the Dogecoin Bitwise FNB and the Fidelity plan to incorporate the implementation into its ETF ETF.
The dry is required to make a final decision on ETF proposals within 240 days of their official publication in the Federal Register. As a result, Bloomberg reports that several ETF decisions related to cryptocurrency could be finalized in the fourth quarter of the year.
The recent changes The management of the dry could affect the pace of approval of the Cryptographic ETF deposits agency. Paul Atkins officially became the new SEC president earlier this month, with a pro-Crypto position and support for the Senate. Under the previous leaders – including the former acting president Mark Uyeda – the SEC was more conservative, the commissioner's office extending the exam periods for many requests.
But, despite these delays, the current regulatory situation suggests that several key decisions related to XRP and other ETF Crypto should be taken by October. Meanwhile, products based on future as Proshares proposed could soon reach the market.
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