ProShares XRP futures ETFs face launch delay

Key Takeaways

ProShares delayed the launch of its XRP futures ETFs, with no specific date set.
Market sentiment for the approval of an XRP ETF remains positive, especially after CME Group’s XRP futures announcement.

ProShares will not launch its XRP futures ETFs on April 30, Bloomberg ETF analyst James Seyffart confirmed today, countering earlier reports about the expected debut date.

UPDATE: a lot people posting/reporting that @ProShares will be launching XRP ETFs on April 30th. We’ve confirmed that’s not the case. We don’t have a confirmed launch date yet but we believe they will launch — and likely launch in the short or possibly medium term.

— James Seyffart (@JSeyff) April 28, 2025

While a launch is anticipated, ProShares has not set a specific date for the introduction of its three proposed XRP futures products: the Short XRP ETF, the Ultra XRP ETF, and the UltraShort XRP ETF.

XRP is currently trading at $2.27, up 1.5% on the day and 9% over the last seven days. The asset recently hit a 30-day high of $2.36 but still trails the performance of other major layer-1 assets.

Market sentiment toward an XRP ETF approval remains positive, particularly following Paul Atkins’ appointment as SEC Chairman.

CME Group’s recent announcement to introduce XRP futures has further strengthened expectations for a potential spot ETF after the conclusion of Ripple Labs’ SEC legal proceedings.