ProShares XRP futures ETFs face launch delay

ProShares' XRP futures ETFs face delay as Bloomberg ETF analyst James Seyffart confirms launch timeline pushed back.

Key Takeaways

• ProShares delayed the launch of its XRP futures ETFs, with no specific date set.
• Market sentiment for the approval of an XRP ETF remains positive, especially after CME Group's XRP futures announcement.

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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.

UPDATE: a lot people posting/reporting that @ProShares will be launching XRP ETFs on April 30th. We’ve confirmed that’s not the case. We don’t have a confirmed launch date yet but we believe they will launch — and likely launch in the short or possibly medium term.

— James Seyffart (@JSeyff) April 28, 2025

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.

Disclaimer