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ProShares will not launch its XRP futures ETFs on April 30, Bloomberg ETF analyst James Seyffart confirmed today, countering earlier reports about the expected debut date.
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While a launch is anticipated, ProShares has not set a specific date for the introduction of its three proposed XRP futures products: the Short XRP ETF, the Ultra XRP ETF, and the UltraShort XRP ETF.
XRP is currently trading at $2.27, up 1.5% on the day and 9% over the last seven days. The asset recently hit a 30-day high of $2.36 but still trails the performance of other major layer-1 assets.
Market sentiment toward an XRP ETF approval remains positive, particularly following Paul Atkins’ appointment as SEC Chairman.
CME Group’s recent announcement to introduce XRP futures has further strengthened expectations for a potential spot ETF after the conclusion of Ripple Labs’ SEC legal proceedings.
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