Recent speculation about an XRP ETF launch has been debunked—ProShares’ futures-based XRP ETFs are not launching on April 30, contrary to widespread misinformation circulating in crypto markets.
False XRP ETF Reports Stem from Outdated Filing
Several cryptocurrency news outlets incorrectly reported on Sunday that the U.S. Securities and Exchange Commission (SEC) had approved ProShares’ XRP ETFs for an April 30 launch. The misinformation originated from an April 15 regulatory filing, mistakenly presented as new.
The false claims spread rapidly across social media and crypto forums, despite no official confirmation from ProShares or the SEC.
No Confirmed Launch Date for XRP ETFs
While ProShares filed for XRP ETFs in January and initially targeted an April 30 launch, there was never a guaranteed release date. As of now, no official launch timeline has been announced.
Industry analysts still expect XRP ETFs to debut in the short to medium term, but the exact timing remains uncertain. This confusion underscores the importance of verifying crypto news through official sources before making investment decisions.