🚨ProShares Set to Launch XRP Futures ETF on April 30!

What Next for XRP Price ?

Apr 28, 2025

XRP ETF Incoming: SEC Approves April 30 Launch for ProShares

ProShares recently announced that it is targeting April 30, 2025, for the launch of its XRP futures-based ETF. The decision comes after a review period during which the SEC raised no formal objections, suggesting that the firm has received the go-ahead to move forward.

Currently XRP price trading at $2.28 as per Coinpedia Market data.

For a more detailed XRP price prediction 2030, check out our full analysis!

Understanding How Futures-Based ETFs Are Approved

Unlike spot ETFs, futures-based ETFs don't require direct SEC approval. Instead, they are allowed to go into effect if the SEC does not object within a certain time frame after filing. In this case, ProShares did not request immediate effectiveness, instead choosing April 30 as the effective date for the product.

ProShares Trust and Its Expansion into Digital Assets

The principal executive offices of ProShares Trust are located in Bethesda, Maryland. ProShare Advisors LLC acts as the investment advisor, with Richard Morris listed as the agent for service. Legal support for the launch comes from Dechert LLP based in New York.

This move marks a strategic expansion for ProShares into the digital assets space. The funds are organized under a mutual fund framework and are registered under both the Securities Act and the Investment Company Act, offering investors a regulated way to gain exposure to cryptocurrencies.

What Investors Should Expect from the New XRP ETFs

The ProShares XRP ETFs aim to provide leveraged and inverse exposure to XRP's price movements. This will give investors more options to trade XRP through regulated financial products. However, it's important to note that this is not a spot XRP ETF, which many in the crypto community are still eagerly awaiting.

Looking Ahead to April 30

The upcoming launch is being seen as a significant development for XRP investment products within the U.S. regulated market. As excitement builds, all eyes are now on April 30, a date that could mark a new chapter for XRP-focused financial products.