- Ripple futures ETF rumors were debunked after outdated filings caused confusion about an April 30 launch, with ProShares confirming no set date yet.
- Ripple ETF products still show strong potential, with analysts predicting billions in future investor inflows.
Ripple community was buzzing with excitement—until the buzz turned into confusion. Hopes for an April 30 launch of ProShares’ XRP futures ETFs were dashed after reports circulating across crypto media were proven inaccurate. The false excitement stemmed from an outdated regulatory filing dated April 15, which some outlets mistakenly reported as current.
However, ProShares never made an official announcement. According to Bloomberg ETF analyst James Seyffart, while the U.S. Securities and Exchange Commission (SEC) has indeed approved the Ripple futures ETFs, no confirmed launch date has been set. Seyffart clarified via Twitter that although ProShares is moving forward with the plans, the timeline remains uncertain.
What ProShares Has in Store for XRP
Back in January, ProShares filed for three XRP-based futures ETFs aimed at institutional investors. These include:
- Ultra XRP ETF: Offers 2x leveraged exposure to XRP futures.
- Short XRP ETF: Provides inverse (1x) exposure to XRP.
- Ultra Short XRP ETF: Delivers 2x inverse exposure to XRP futures.
These ETFs are designed to allow investors to gain or hedge exposure to XRP price movements—without directly holding the token.
Futures Take Flight, Spot Still Grounded
Even though ProShares’ ETFs won’t hit the market just yet, XRP futures are gaining momentum. Teucrium successfully launched the first Ripple futures ETF on April 8 via the New York Stock Exchange, drawing strong trading interest from investors.
Meanwhile, spot XRP ETFs remain stuck in regulatory limbo. The SEC continues to review multiple applications filed by ProShares, Grayscale, and 21Shares. Final decisions could arrive by late May or possibly be delayed until October.
Ripple ETF Outlook Remains Bullish
Despite the temporary setback, analysts remain optimistic. JPMorgan projects that if XRP sees adoption trends similar to Bitcoin and Ethereum ETFs, XRP-related exchange-traded products could attract between $4 billion and $8 billion in capital.
So while the April 30 hype was premature, the future of XRP ETFs is far from dead—it’s just delayed.
