| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107351.3400000000 |
| ETH | $2435.2630000000 |
| BNB | $649.5099600000 |
| XRP | $2.1859890000 |
| ADA | $0.5620124000 |
| SOL | $150.0704000000 |
| DOGE | $N/A |
| DOT | $3.4017000000 |
| LTC | $86.5100000000 |
| LINK | $13.3516800000 |
Category: CRYPTO NEWS
The post No XRP ETF Launch on April 30, Bloomberg appeared on BitcoinEthereumNews.com. Bloomberg analyst clarifies no XRP ETF launch scheduled for April 30, correcting widespread rumors. ProShares plans futures-based ETFs, not spot products holding XRP directly. SEC continues reviewing spot ETF applications from Grayscale, Bitwise, and Franklin Templeton. Launch of a ProShares XRP ETF on April 30 has officially been disproved. Bloomberg ETF analyst James Seyffart shed light that no ETF launch has been planned for the mentioned date. By dismissing a multitude of rumors promoted by a stalled regulatory filing. Confusion Over XRP ETF Launch Dates In recent days, anticipation ran high within the crypto world after reports indicated that ProShares would launch an XRP ETF on April 30. Nonetheless, Seyffart clarified that the reports were false, quoting that the information about the launch. Which was inaccurately obtained from an April 15 filing, rather than a fresh announcement. A ProShares spokesperson also confirmed. That, “ProShares does not have any ETF launches scheduled for Wednesday, April 30,” silencing speculations for the moment. You may have seen headlines about ProShares XRP ETFs launching this week. But a spokesperson told me: “ProShares does not have any ETF launches scheduled for Wednesday, April 30. We have no further news to share at this time.” — Ben Strack 🟪 (@strack_ben) April 28, 2025 Although an ETF is well on its way, it should be noted that it won’t be a spot ETF directly invested in XRP. Nate Geraci, President of The ETF Store, noted that the soon-to-be-launched ProShares XRP products are futures-based. The funds will follow XRP prices via futures contracts and provide leveraged and inverse exposure instead of direct investment in the cryptocurrency itself. Earlier this month, Teucrium launched a 2x Long XRP ETF (XXRP), seeking to provide twice the daily return of XRP through swap agreements. The fund already has about $42.79 million in…
2025-04-29T03:43:16+00:00