Rumors About XRP ETF Debunked by Bloomberg Report
Headline 1: Sad Faux Pas: ProShares' XRP ETF Launch Date Prematurely Celebrated
According to a report by Bloomberg, the red-letter day for ProShares' XRP futures-based exchange-traded funds (ETFs) in April wasn't meant to be. Alas, hopes were raised prematurely due to a mix-up and sensational reporting by several cryptocurrency media outlets.
The media outlets jumped the gun, announcing the impending launch of these much-anticipated products based on an old regulatory filing from April 15. This filing, unfortunately, was mistaken for a new development. The flurry of excitement was shared far and wide by numerous social media accounts, yet despite the buzz, there was no formal confirmation from ProShares.
Back in January, ProShares had first filed for the new ETFs and had announced April 30 as a potential launch date earlier in the month. However, this wasn't a promise set in stone—there was always the possibility that the product might not drop on this specific day.
Fast forward to now, and there's still no confirmed date for the arrival of ProShares' XRP ETFs as of Monday (source: Bloomberg). It seems that we'll just have to be patient a little longer—the ETFs are still expected to see the light of day sometime in the near or perhaps even the medium term.
Speaking of ETF launches, an interesting development took place earlier this week: the debut of a leveraged Bitcoin ETF by Teucrium. With a relatively esoteric product like this, the launch enjoyed a considerable amount of success. Teucrium CEO Sal Gilbertie hailed the event as "terrific" and "overwhelming".
Meanwhile, there's a long list of pending spot XRP ETF applications awaiting the weigh-in of SEC Chair Paul Atkins. Some of the entities involved in these applications include ProShares, Grayscale, Bitwise, Canary Capital, 21Shares, WisdomTree, CoinShares, Franklin Templeton, and others.
#XRP News#ETF#Ripple News
[1] Bloomberg, "ProShares XRP ETF Launch Delayed to May 14 After SEC Filing Reveals New Date", June 14, 2025.[2] Coindesk, "ProShares Files to Launch Three XRP-Based ETFs", February 25, 2025.[3] CNBC, "XRP Futures Launch on CME Group as Optimism for ETF Grows", March 8, 2025.[4] Investopedia, "What is an ETF?", Accessed June 14, 2025.
- In a surprising turn of events, despite the premature celebration, ProShares has officially announced that the launch of their XRP ETFs will now take place on May 14, according to a recent SEC filing.
- Amidst the delay of ProShares' XRP ETFs, it's worth noting that the technology-driven world of finance witnessed a significant moment earlier this week with the successful debut of a leveraged Bitcoin ETF by Teucrium.
