The post Confusion Surrounds XRP as Misinformation Fuels Market Instability Despite SEC Approval of Futures ETFs appeared on BitcoinEthereumNews.com.

False rumors about an SEC-approved XRP Spot ETF have caused confusion, but only leveraged and short XRP futures ETFs are approved to trade on April 30. While a potential Spot XRP ETF may be in the works, misinformation and rumors about its approval are harming market stability and investor confidence. The SEC’s approval of an XRP Futures ETF is seen as a positive development, but it’s not indicative of an imminent spot ETF launch. Despite misleading rumors, only leveraged XRP futures ETFs have been approved, leaving the market in suspense about a potential spot ETF launch. A US Spot XRP ETF Is Not Here Yet The crypto industry is full of enthusiasm for an XRP ETF, especially since one began trading in Brazil last week. However, there’s no shortage of overeager people who can spark and circulate optimistic rumors. ProShares’ new Futures ETF did indeed win approval, but this has no bearing on a Spot ETF. UPDATE: a lot of 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 Bitcoin, the first crypto-centric ETF category, achieved a futures ETF before a spot one. In some ways, the SEC’s approval of an XRP Futures ETF is a positive sign. The Commission has an impending deadline to reject or confirm these proposals, and experts believe that approval is highly likely. Unfortunately, that does not change the reality today. XRP’s price has been zig-zagging in the last 24 hours, with notable pullbacks. It isn’t fair to claim that ETF hype is the source of all XRP moves; several circumstances may be contributing…

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Filed under: News - @ April 29, 2025 1:22 am