Rumors regarding a ProShares XRP ETF launching on April 30th have fueled speculation within the crypto market. However, ProShares has clarified that there is no official launch date set. The confusion arose from an April 15 regulatory filing, which was misinterpreted by some media outlets. ProShares quickly addressed the misinterpretation, stating that they don’t currently have an XRP ETF scheduled and are not offering any updates at this time. ProShares’ potential for launching a futures-based XRP ETF was discussed. Commentators suggest leveraged and inverse ETFs could be the route, providing exposure to XRP without direct ownership but with heightened sensitivity. Meanwhile, spot XRP ETFs, awaiting regulatory approval from US regulators such as Grayscale and Bitwise, are expected to see approval only by October 2025. In contrast, Brazil has led the way, with Hashdex listing the world’s first spot XRP ETF on April 25th under the ticker XRPH11. This marks their ninth solo-crypto ETF in Brazil, following Bitcoin, Ethereum, and Solana funds. Aiming to attract institutional investors seeking regulated exposure to crypto, this is a significant step in the Brazilian market for XRP. Despite these developments, Ripple’s ongoing legal battle with the SEC continues to pose challenges for US XRP ETFs. The recent court filing suggesting potential settlement discussions could influence future approval timelines, particularly given the new SEC Chairman Paul Atkins’ involvement. The rumor mill may be churning, but XRP is performing well: currently trading at $2.30 per token, up slightly from the day before. This increase has resulted in a market cap surge to $133.5 billion and a notable 28% rise in trading volume.