XRP investors now have a new date to look forward to as ProShares sets April 30 as the target for launching its XRP Futures ETF. The filing confirms that the fund is fully prepared to go live, though trading may not begin exactly that day.
The fund will operate through future contracts linked to XRP and swap agreements related to XRP. ProShares implemented a structure similar to its Bitcoin ETF launch model that led to success with an ETF in 2021.
Market analysts agree that futures-based products allow spot ETFs to become available. The approval of Bitcoin futures ETFs later resulted in the authorization of spot ETFs in early 2024.
The XRP-focused product is a potential gateway to broader institutional participation. It offers a regulated exposure to XRP price movement without requiring investors to hold the asset directly.
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Legal Proceedings on Hold As Ripple and SEC Agree to Temporary Pause
While ETF developments gather momentum, legal progress shapes the XRP landscape. As previously reported by 36crypto, the United States Court of Appeals for the Second Circuit has approved a joint motion to pause the appeal process in the Ripple case.
The motion received approval from Judge José A. Cabranes while the SEC and Ripple consented to suspend legal procedures. The SEC must submit a status report within two months, as the court procedure is temporarily suspended.
This pause follows the SEC’s withdrawal of its appeal and Ripple dropping its cross-appeal shortly after changes in the commission’s leadership. Legal observers note that the break could open the door to discussions outside the courtroom, potentially leading to a more defined regulatory path.
XRP Price Holds Steady Despite Institutional Moves and Legal Wins
Despite the positive ETF announcement and easing regulatory tension, XRP has seen only modest price movement. According to CoinMarketCap data, XRP is trading at $2.06, reflecting a 1.76 % decline over the past 24 hours.
Notably, XRP’s pricing has only adjusted slowly since the major update in the legal proceedings. Investors are maintaining keen observation on April 30 because they think the ETF launch could be a determining milestone for the crypto project.
The ETF’s response from institutional investors will probably show up clearly during the period following its April 30 launch.
The upcoming date may not deliver immediate price spikes, but it signals that XRP is entering a new phase of legitimacy. As regulatory clarity and institutional access improve, the conditions may gradually support long-term price growth.
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