ProShares has set a new effective date of June 25, 2025, for its proposed spot XRP exchange-traded fund, following a regulatory amendment filed with the U.S. Securities and Exchange Commission.
The update marks a significant procedural step in the firm’s ongoing effort to bring a spot XRP ETF to market.
The amendment was submitted as a post-effective update to the original Form N-1A registration, initially filed on January 17, 2025. This move ensures that ProShares remains compliant with regulatory requirements while the SEC continues to evaluate the proposal.
Also Read: Cardano to Inject $100M Into Stablecoin to Spark DeFi Boom, Hoskinson Says
This adjustment is not considered a delay but rather a routine filing update designed to maintain the fund’s eligibility under SEC guidelines. Post-effective amendments are one of the regular tools that asset managers utilize to report on their ongoing improvement and maintenance of procedural quality.
As stated in the filing, the amended effective date maintains that ProShares’ application is active in the SEC review process. It also indicates an attempt by ETF issuers to keep abreast with the latest compliance standards amid Long evaluation processes.
Other large companies, such as Franklin Templeton, have also submitted amendments to their respective spot XRP ETF applications. The filings are amid hopes that June will be a crucial month in the SEC’s decision-making process regarding crypto-based funds, as analysts believe.
Rising Momentum for XRP ETFs as Firms Respond to SEC Caution
The growing interest in spot XRP ETFs follows the SEC’s slow but deliberate review of crypto investment products. Concerns over investor safety, potential market manipulation, and liquidity structure continue to influence the agency’s cautious stance.
Despite these challenges, asset managers remain optimistic, as ProShares’ latest filing shows a commitment to navigating the regulatory path with complete transparency and procedural accuracy.
The updated effective date could allow the XRP ETF to launch on or shortly after June 25, pending the SEC’s final decision. Industry observers see this as a sign that key developments may be nearing.
By taking this procedural step, ProShares positions itself at the forefront of the XRP ETF race. The filing underscores the broader industry push for crypto-based ETFs to gain formal market approval.
The new effective date signals ProShares’ continued readiness as it awaits the SEC’s final decision. If cleared, the firm could become the first to launch a spot XRP ETF in the U.S.
Also Read: Ethereum Price Eyes Explosive Breakout as Bulls Target $3K Resistance Zone
