Bloomberg Confirms No XRP ETF Launch April 30

Rumors of an April 30 launch for ProShares’ XRP futures ETFs have been debunked, with Bloomberg analysts clarifying that the reports stemmed from an outdated regulatory filing and no official launch date has been set. Both ProShares and ETF analysts confirmed that while the ETFs are expected to debut, they will not do so imminently, and the launch could occur in the short or medium term. The anticipated ProShares products are futures-based, offering leveraged and inverse exposure to XRP rather than direct ownership of the cryptocurrency. Investor excitement has shifted to spot XRP ETF applications from firms like ProShares, Grayscale, and Bitwise, but these face stricter regulatory scrutiny and uncertain timelines. The SEC is expected to review several of these spot ETF proposals later this year, a decision that could significantly impact XRP's integration into traditional finance. Until then, expectations for immediate XRP ETF launches should be tempered by regulatory realities and ongoing review processes.