Bloomberg Analyst Reveals Frustrating New Development for Ripple: "Don't Wait for April 30 for XRP!"

After the approvals received for Bitcoin and Ethereum, the most anticipated spot ETF application for many altcoins like XRP, Solana (SOL) was undoubtedly XRP.

After the long-standing SEC- Ripple case has come to an end, expectations for the XRP ETF have increased, and the launch of futures ETFs before the spot ETF has caused great excitement.

At this point, news that ProShares would launch an XRP ETF on April 30 had excited the crypto community, but it turned out to be false news.

Bloomberg ETF analyst James Seyffart stated that there is still no official launch date for an XRP ETF. Seyffart noted that the ProShares XRP futures ETF will not begin trading on April 30.

The analyst stated that there is no approved launch date for the XRP ETF yet, but it is expected to start trading in the short or medium term.

"Many people reported that ProShares will launch an XRP futures ETF on April 30."

However, we have confirmed that this is not the case.

A specific launch date has not yet been determined, but we believe that they will eventually launch an XRP ETF.

This is likely to be initiated in the short term and probably in the medium term.

A spokesperson for ProShares, aside from Seyffart, also stated that the news is not true. The spokesperson said, "ProShares has no planned ETF launch for Wednesday, April 30. There is no other news to share at this time."

Although the official launch date is not yet known, ProShares is preparing to launch three XRP futures ETFs: the Ultra XRP ETF offering 2x leverage, the Short XRP ETF offering -1x inverse position, and the Ultra Short XRP ETF offering -2x inverse position.

These ProShares ETFs will be the second, third, and fourth XR ETFs approved in the US. Previously, Teucrium launched the first XRP futures ETF on April 8, and the ETF started trading on the New York Stock Exchange (NYSE).