EddieJayonCrypto
16 Apr 25
ProShares plans to launch its futures-based XRP ETF by April 30, marking a significant step toward a spot-based XRP ETF. The futures ETF will use XRP futures contracts and swaps, not direct token investment. ProShares previously launched the first futures-based Bitcoin ETF in 2021. The approval gap ...
ProShares has set April 30 as the target launch date for its futures-based XRP ETF, signaling readiness without guaranteeing trading will commence exactly then. This futures-based ETF uses XRP futures contracts and swaps rather than direct token investment, marking a crucial step toward the long-anticipated spot-based XRP ETF.
Having pioneered the futures-based Bitcoin ETF space with BITO in 2021, ProShares demonstrated success despite earlier delays in spot Bitcoin ETF approvals. The gap between futures and spot XRP ETF approvals is expected to be shorter, with over a dozen spot XRP ETF filings currently pending, including one from Franklin Templeton.
Analysts and market watchers predict SEC approval for a spot XRP ETF soon, citing XRP's expanding market depth and the strong debut of leveraged XRP ETFs like Teucrium’s. XRP has notably surpassed Solana in the race for a spot ETF due to these factors, fueling optimistic sentiment.
In summary, ProShares’ upcoming futures-based XRP ETF launch represents a pivotal milestone. The movement toward spot-based XRP ETFs appears imminent, reflecting broader market trends and growing institutional interest. Are we on the cusp of a new era in XRP investment products? The market seems to think so.