ProShares Denies XRP ETF Launch on April 30
Confusion spread across the crypto community after rumors circulated that ProShares would be launching an XRP ETF on April 30.
However, Bloomberg ETF analyst James Seyffart and a direct statement from ProShares have clarified that no such product is scheduled for launch.
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
The speculation was triggered by a regulatory filing made by ProShares on April 15, which some media outlets misinterpreted as confirmation of an imminent ETF release.
In response, a ProShares spokesperson confirmed that the firm does not have any ETF products launching this week. “ProShares does not have any ETF launches scheduled for Wednesday, April 30,” they said. “We have no further news to share at this time.”
The Takeaway
Despite ongoing optimism around XRP-related financial products, this incident underscores the need for caution when interpreting filings or partial information. The XRP ETF remains a concept — not yet a confirmed reality.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
