The XRP ETF world is buzzing with speculation, but let’s clear up some confusion.
No XRP ETF Launch on April 30th
Reports of a ProShares XRP ETF launching on April 30th were false. Both ProShares and Bloomberg analyst James Seyffart confirmed there are no immediate plans for a launch. While a launch is expected eventually, there’s no official date yet. ProShares did file with the SEC proposing a May 14th launch date for an XRP ETF based on futures (not actual XRP), but that’s still pending approval.
Other XRP Developments
Things are happening in the XRP space beyond just ProShares:
- Teucrium’s Leveraged ETFs: Teucrium already launched leveraged XRP ETFs in the US.
- CME Group XRP Futures: The CME Group plans to add XRP futures on May 19th (pending approval). This could boost the chances of a spot XRP ETF getting approved.
- Franklin Templeton’s Delay: The SEC delayed its decision on Franklin Templeton’s XRP ETF, but this was expected and a decision likely won’t come until later in the year.
BlackRock and the Mystery Dates: May 1st and June 9th
While big players like BlackRock haven’t filed for an XRP ETF yet, a prominent XRP community member, “Bale,” claims to have inside information. He suggests May 1st and June 9th are key dates to watch, hinting that BlackRock might file on one of those days. This is purely speculation, but it’s certainly got people talking.