XRP Futures ETF Launch Looms: ProShares Sets April 30 Deadline

ProShares, a prominent issuer of exchange-traded funds, has announced a targeted launch date for its futures-based XRP ETF on April 30th. This date serves as a strong indication that the product is nearing completion and ready for market entry but doesn’t guarantee an exact launch time. The upcoming launch signifies a significant step towards the eventual approval of a spot-based XRP ETF. Notably, this ProShares initiative follows their successful introduction of the first futures-based Bitcoin ETF (BITO) in 2021, another groundbreaking move in the ETF realm.