Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

No XRP ETF launch for U.S. investors as ProShares confirms delay

Source Cryptopolitan

Confusion rippled through the crypto community after rumors suggested ProShares would launch an XRP ETF on April 30. However, Bloomberg ETF analyst James Seyffart said that there is no specific date set.

The confusion arose from a regulatory filing made by the company on April 15, which media outlets wrongly reported.

To further clarify, a ProShares spokesperson said that the firm does not have any ETF products in the pipeline for April 30. They pointed out that there were no other updates at the moment.

You may have seen headlines about ProShares XRP ETFs launching this week.

But a spokesperson told me:

“ProShares does not have any ETF launches scheduled for Wednesday, April 30. We have no further news to share at this time.”

— Ben Strack 🟪 (@strack_ben) April 28, 2025

Futures-based XRP ETFs on the horizon

As the frenzy over a ProShares XRP product gained momentum, it became apparent that any future ETFs would be based on futures contracts. In his response, Nate Geraci, the President of The ETF Store, clarified that ProShares intended to launch futures-based ETFs, not a spot XRP fund. Generally, futures-based ETFs are less regulated, though they provide investors with access to the assets without holding them.

Geraci pointed out that product offerings could include leveraged and inverse options, allowing people to engage in XRP price movements in several ways. He also noted that Teucrium introduced the 2x Long XRP ETF (XXRP) to amplify the daily return of the coin through swap contracts.

However, regulations still pose an issue for the approval of spot XRP ETFs. Currently, some of the firms seeking to have their spot ETFs approved are Grayscale, Bitwise, Franklin Templeton, WisdomTree, and 21Shares. Bloomberg’s Seyffart also said that definitive decisions on these application areas are not likely to happen before October 2025.

According to Polymarket data, the chances of having a U.S. XRP spot ETF approved by December 2025 are 78%, up from 68% on April 22. However, it is still lower than the 87% high recorded on March 23.

Ripple’s global ETF expansion

Ripple’s global ETF expansion continues to forge ahead despite challenges faced in the U.S. On April 25, the Brazilian crypto firm Hashdex began trading the world’s first spot XRP ETF under the symbol XRPH11 in the B3 exchange. Managed by Genial Investimentos, the fund invests at least 95% of its net asset value in XRP and emulates the Nasdaq XRP Reference Price Index.

Hashdex debuted in Brazil and added its ninth single-asset ETF on B3, which focuses on Bitcoin, Ethereum, and Solana, among others. According to Hashdex CIO Samir Kerbage, the fund aims to appeal to institutional investors who want to invest in crypto within the Brazilian regulated equity market system.

One of the key aspects that affect the overall U.S. spot XRP ETF is the legal battle that Ripple is currently facing with the SEC. A recent filing—a motion to stay submitted on April 10—may indicate that settlement negotiations are underway.

Analysts argue that the SEC‘s decision to either withdraw or sustain its appeal on Judge Torres’s ruling on programmatic XRP sales may affect the approval timeframe. According to Bloomberg, the newly elected chairman of the SEC, Paul Atkins, will become a key figure in deciding on the acceptance of crypto ETFs.

Although there have been rumors that XRP is struggling, it is still climbing at $2.29, up 0.59% from its day low. The daily market capitalization and trading volume of XRP also increased by 1% and 28%, respectively, and were valued at $133.5 billion and $3.25 billion.

Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Fed hike odds near 90% into Wednesday's decision — how to trade the dollar, gold and the S&P 500 A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Author Suzie

Sep 14, Mon

A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Gold falls below $4,300 as higher US yields bolster Fed rate hike bets Gold price (XAU/USD) tumbles to near $4,295 during the early Asian session on Tuesday. The precious metal faces some selling pressure as rising bond yields and surging energy prices strengthen expectations that the US Federal Reserve (Fed) will raise interest rates this week.

Author FXStreet

Sep 15, Tue

Gold price (XAU/USD) tumbles to near $4,295 during the early Asian session on Tuesday. The precious metal faces some selling pressure as rising bond yields and surging energy prices strengthen expectations that the US Federal Reserve (Fed) will raise interest rates this week.

【Daily Brief】10-year Treasury yield briefly tops 5%, S&P 500 slips to 7,602 and the dollar firms at 99.3 as the Fed's decision eve begins The 10-year Treasury yield touched 5.014% on Monday — its first print above 5% since October 2023 — while the S&P 500 closed 0.48% lower at 7,619.98 and the dollar index firmed to 99.3. Here is the full market wrap ahead of Wednesday's FOMC decision, the dot plot and the August retail sales report, plus today's CLARITY Act Senate vote.

Author Irene Q.

Sep 15, Tue

The 10-year Treasury yield touched 5.014% on Monday — its first print above 5% since October 2023 — while the S&P 500 closed 0.48% lower at 7,619.98 and the dollar index firmed to 99.3. Here is the full market wrap ahead of Wednesday's FOMC decision, the dot plot and the August retail sales report, plus today's CLARITY Act Senate vote.

Silver breaks $64 as precious metals rebound — can gold hold the $4,280 line into the Fed decision?Silver has climbed back above $64 an ounce for the first time this week, leading a broad rebound across precious metals hours before the Federal Reserve delivers what is expected to be its first rate hike since 2023. Spot silver was last at $64.64, up 1.49% on the day, while gold reclaimed $4,300 and platinum and palladium both advanced. The question now is whether the bounce is a genuine turn — or a pause before the Fed's dot plot decides the next move.

Author Suzie

17 hours ago

Silver has climbed back above $64 an ounce for the first time this week, leading a broad rebound across precious metals hours before the Federal Reserve delivers what is expected to be its first rate hike since 2023. Spot silver was last at $64.64, up 1.49% on the day, while gold reclaimed $4,300 and platinum and palladium both advanced. The question now is whether the bounce is a genuine turn — or a pause before the Fed's dot plot decides the next move.

Bitcoin falls below $75,000 as the CLARITY Act fails in the Senate — what the vote means for crypto The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Author Suzie

17 hours ago

The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Popular Symbols