ProShares Delays XRP ETF Launch: No Immediate Plans for U.S. Investors

ProShares has announced that there will be no immediate launch of an XRP futures ETF for US investors, pushing back market expectations and sparking speculative trading in the XRP market despite no confirmed timeline. The company’s delay follows regulatory complexities and market readiness concerns related to the process. Market experts believe a launch is likely within the short to medium term, but specific dates remain unknown. While the announcement generated initial price fluctuations in the XRP market, these are primarily driven by sentiment rather than sustained fundamental change. This delay echoes similar challenges faced by Bitcoin and Ethereum ETF launches and suggests potential volatility as regulatory hurdles are addressed. James Seyffart of Bloomberg Intelligence anticipates a successful launch once regulatory approvals are secured.