Excitement across the cryptocurrency market quickly turned into disappointment after recent reports about ProShares’ XRP futures ETFs launching on April 30 were proven incorrect.
Several crypto media outlets had mistakenly shared an outdated regulatory filing from April 15, causing widespread confusion across social media. Despite the growing rumors, ProShares made no official announcement confirming any launch date.
According to Bloomberg ETF analyst James Seyffart, while the U.S. Securities and Exchange Commission has approved the XRP ETFs, no launch is scheduled for April 30.
Seyffart confirmed through his Twitter account that although ProShares plans to move forward, there is no confirmed launch date. Consequently, hopes for an imminent rollout have been temporarily dashed.
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Around January, ProShares submitted applications to create XRP futures ETFs that catered to institutional investors pursuing XRP price investment opportunities.
ProShares plans to release three unique XRP-based products, including the Ultra XRP ETF, which delivers two times the returns; the Short XRP ETF, which yields inverse returns at one time; and the Ultra Short XRP ETF, which generates twice the inverse exposure.
UPDATE: a lot people posting/reporting that @ProShares will be launching XRP ETFs on April 30th. We’ve confirmed that’s not the case. We don’t have a confirmed launch date yet but we believe they will launch — and likely launch in the short or possibly medium term.
— James Seyffart (@JSeyff) April 28, 2025
The products provide investors with functional alternatives for accessing XRP markets without possessing the underlying assets.
Futures Market Progresses While Spot ETFs Face Delays
While anticipation builds around ProShares’ offerings, Teucrium successfully launched the first XRP futures ETF on the New York Stock Exchange on April 8.
The fund witnessed vigorous initial trading activity, signaling robust investor interest in XRP-related financial products. ProShares’ upcoming entries are expected to enhance this market once regulatory conditions allow.
In contrast, spot XRP ETFs remain trapped in the regulatory review process. The SEC awaits final decisions from several applications that ProShares, Grayscale, and 21Shares filed together with other firms.
The regulatory review process for spot XRP ETFs has faced ongoing delays since early April, while federal agencies expect to make rulings by late May. However, some verdicts may extend to mid-October. Even though an obstacle has created temporary challenges, the future outlook has not become completely bleak.
JPMorgan analysts predict that if XRP follows adoption patterns similar to Bitcoin and Ethereum ETFs, exchange-traded products linked to XRP would receive between $4 billion and $8 billion of investor capital.
Conclusion
While regulatory approval has been secured, ProShares’ XRP futures ETFs will not launch on April 30, as previously rumored. The latest clarification from industry experts has cooled immediate expectations, yet the broader outlook for XRP investment products remains positive.
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