The post XRP set to lead ETF race as ProShares targets April 30 futures launch appeared on BitcoinEthereumNews.com.

ProShares has amended its filing to indicate that its XRP futures ETF is expected to launch on April 30. While the date confirms the product is ready, the market has not yet passed the acceptance. The fund will focus on the futures and swaps linked to XRP but will not invest directly in the tokens. ProShares first proposed the ETF in January. In 2021, Bitcoin futures ETF established ProShares as the market leader for traditional financial instrument exposure to such assets. The BITO ETF managed to attract a great amount of capital when it was launched but was deemed disfavored by getting approval later than spot products. Analysts now believe that the wait for a spot-based version of the XRP ETF to come to the market may be much shorter. Nate Geraci, the President of the ETF Store, claimed that a possible spot XRP ETF approval will arrive “sooner rather than later” as the interest among the investors and issuers rises. XRP leads the pack in spot ETF prospects Kaiko’s recent market report indicates that XRP has surpassed Solana in the race to achieve spot ETF approval. This edge can be attributed to increased market depth, renewed listings on the U.S exchange, and fresh leveraged ETFs. Source: Kaiko Kaiko also pointed out that the launch of 2x leveraged XRP ETF by Teucrium makes a strong case for the overall XRP ETF market. “It’s hard to argue against allowing a spot product when there’s already an active ETF like this, which is highly levered and riskier than a vanilla spot ETF.” ~ Kaiko’s Adam Morgan McCarthy. XRP’s spot volume has risen to its highest since the end of 2020, when the SEC lawsuit started, leading to the mass delisting of the token. The coin is now in the fourth rank based…

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Filed under: News - @ April 16, 2025 11:25 am