ProShares Delays XRP Futures ETFs
ProShares Delays XRP Futures ETFs
ProShares has announced a delay in the launch of its highly anticipated XRP futures ETFs. Initially expected to launch on April 30th, Bloomberg ETF analyst James Seyffart confirmed the postponement on April 28th, 2025 via Twitter. No new launch date has been set.
Key Takeaways
- ProShares' XRP futures ETFs launch is delayed, with no confirmed date.
- Market sentiment regarding XRP ETF approval remains positive, boosted by CME Group's recent announcement of XRP futures.
While a launch is still expected, ProShares has yet to announce a specific timeline for its three proposed products: the Short XRP ETF, the Ultra XRP ETF, and the UltraShort XRP ETF.
XRP is currently trading at $2.27, showing a 1.5% increase for the day and a 9% rise over the past seven days. Although recently hitting a 30-day high of $2.36, it still lags behind other major layer-1 cryptocurrencies in performance.
The overall market sentiment towards XRP ETF approval remains optimistic. This positive outlook is further fueled by the recent appointment of Paul Atkins as SEC Chairman and CME Group's decision to introduce XRP futures. These developments suggest a strong possibility of a spot ETF approval following the conclusion of Ripple Labs' legal battle with the SEC.
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