Experts Reveal New Concerning Developments for XRP: "Don't Wait Until April 30 to Get XRP"

After Bitcoin and Ethereum were approved, many other cryptocurrencies such as XRP and Solana (SOL) have applied for spot ETFs, and one of the most anticipated cryptocurrencies is definitely XRP. As expectations for the XRP ETF rise following the conclusion of the lengthy SEC-Ripple lawsuit, the launch of futures ETFs before spot ETFs has generated significant excitement. At this time, the news that ProShares will launch the XRP ETF on April 30 has created excitement in the cryptocurrency community, but it turned out to be fake news. Bloomberg ETF analyst James Seyffart revealed that there is still no official launch date for the XRP ETF. Seyffart noted that ProShares' XRP futures ETF will not begin trading on April 30. Analysts say that the XRP ETF still does not have an official launch date but is expected to start trading in the short to medium term. "Many people reported that ProShares will launch a futures ETF for XRP on April 30. However, we have confirmed that this is not true. Currently, there is no specific launch date set, but we believe that eventually they will launch the XRP ETF. "There is a possibility that this project will be implemented in the short term and possibly in the medium term." A spokesperson for ProShares also denied reports, stating: "ProShares has no ETF launches scheduled for Wednesday, April 30. We have no further news to share at this time." Although no official launch date has been announced, ProShares is preparing to launch three XRP futures ETFs: the Ultra XRP ETF provides 2x leverage, the Short XRP ETF provides -1x inverse leverage, and the Ultra Short XRP ETF provides -2x inverse leverage. These ProShares ETFs will be the second, third, and fourth XR ETFs approved in the United States. Since Teucrium launched the first XRP futures ETF on April 8, this ETF has started trading on the New York Stock Exchange (NYSE).