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False XRP ETF Reports Stem from Outdated Filing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.
Pending SEC Review for Multiple XRP ETF Applications
Several major financial firms have spot XRP ETF applications awaiting SEC review, including:
- ProShares
- Grayscale
- Bitwise
- 21Shares
- WisdomTree
- Franklin Templeton
- CoinShares
- Canary Capital
The strong interest in XRP ETFs highlights the growing demand for regulated crypto investment products, following the success of spot Bitcoin ETFs earlier this year.
Bitcoin ETF Success Signals Strong Crypto ETF Demand
While XRP ETF approvals remain pending, other crypto ETFs are thriving. Teucrium’s leveraged Bitcoin ETF recently launched with strong investor interest.
Teucrium CEO Sal Gilbertie called the debut “terrific and overwhelming,” indicating robust demand for crypto exposure via traditional investment vehicles. This suggests that XRP ETFs could see similar enthusiasm once approved.
Key Takeaways for Investors
✔ No XRP ETF launch confirmed for April 30 – Reports were based on outdated filings
✔ Multiple XRP ETF applications still under SEC review – Major firms like Grayscale & Bitwise are in the running
✔ Crypto ETF market expanding – Bitcoin ETF success shows strong institutional demand
✔ Always verify crypto news – Rely on official SEC and company announcements
Final Thoughts
The XRP ETF false alarm serves as a critical reminder for investors to cross-check crypto news before acting. While XRP ETFs are likely coming, patience and due diligence are essential in this fast-moving market.
