- ProShares delays XRP futures ETF launch.
- No confirmed new launch date yet.
- XRP market remains bullish amid delay.
The delay affects investor strategies, as XRP futures ETFs remain pending. Despite the postponement, XRP’s price shows resilience, indicating enduring optimism.
ProShares, a major ETF issuer, had planned XRP futures ETFs but confirmed no launch on April 30. James Seyffart, Bloomberg ETF analyst, clarified that there is no confirmed new launch date, though future short-term launches are anticipated.
“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, ETF Analyst, Bloomberg
XRP’s price remains bullish, presently trading at $2.29 despite the delay. The market capitalization and trading volume have risen, reflecting investor resilience. On-chain activity is stable, focused on XRP rather than BTC or ETH.
ProShares’ announcement impacts investor sentiment and market strategies. Regulatory reviews causing the delay are ongoing, but the broader crypto market shows no adverse effects. Ripple Labs’ SEC legal matters continue in the background.
The delay of XRP futures ETFs by ProShares echoes past regulatory postponements, like those seen with BTC ETFs. Similar events often led to momentary market fluctuations, stabilized by long-term investment optimism and regulatory decisions.
The postponement of these ETFs could lead to ongoing speculative activities and lobbying for faster regulatory approvals. Investors anticipate XRP futures products to provide significant financial opportunities once launched, pending SEC clearance.
