News View Non-AMP

Ripple News: SEC’s Paul Atkins Could Still Object ProShares’ XRP ETF Filing

Published by
Anjali Belgaumkar

There has been a lot of buzz online this week about ProShares launching an XRP ETF on April 30. Some social media posts and reports claimed that the U.S. Securities and Exchange Commission (SEC) had approved it and that it would go live this week.

But that’s not true.

A spokesperson from ProShares cleared up the confusion. They said:
“ProShares does not have any ETF launches scheduled for Wednesday, April 30. We have no further news to share at this time.”

So where did the rumor come from?

The misunderstanding seems to have started because people confused the “effective date” listed in a regulatory filing with an official launch date. When a fund’s registration becomes “effective,” it means it has cleared one step with the SEC, but that doesn’t guarantee a launch on that date.

In fact, the SEC could still object to the launch. A fund’s registration statement becoming effective is only one part of the process. It’s required before a launch, but it doesn’t confirm the exact timing or guarantee approval.

While the news isn’t true—yet—talk of an XRP futures ETF is still important. It shows that XRP is gaining attention from major financial players. And just like with Bitcoin and Ethereum, a futures ETF could be a step toward a full spot ETF in the future.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

XRP Still Powers Ripple Despite RLUSD Launch

Crypto analyst Jungle Inc. recently shared his insights on Ripple’s new stablecoin, RLUSD, and its…

July 4, 2025

Could You Lose Your FTX Claim? Payouts May Be Blocked in These 49 Regions

If you're an FTX creditor living in places like China, Russia, or Pakistan, your claim…

July 4, 2025

Altcoin Season Could Explode If Bitcoin Holds Above $100K

Bitcoin spent most of Q2 moving sideways and is now retesting the key $110K resistance…

July 4, 2025

Expert Shares Pi Network’s $10 Price Target, But How Long Will It Take?

The price of Pi Network (PI) has slipped 4% today and is now trading around…

July 4, 2025

Fear Index Is High – Smart Money Is Going To Pre-TGE Tokens On Unich

The crypto market is currently gripped by fear, with the Fear & Greed Index stuck…

July 4, 2025

Will XRP Finally Get Legal Clarity? Ripple CEO Testifies in Congress Next Week

The US Congress has scheduled a hearing on crypto market structure next week with industry…

July 4, 2025