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

Bitcoin Price Prediction 2025, 2026 – 2030: How High Will BTC Price Go?

Story Highlights Bitcoin is currently trading at: Predictions suggest BTC could reach $175K in 2025.…

July 26, 2025

Bitcoin’s Bull Run: Is 2025 Peak Coming Or Has The Cycle Changed?

Crypto markets used to move four-year cycles, driven by Bitcoin halving, interest rates, and major…

July 26, 2025

Crypto News: Vietnam Launches NDAChain to Enhance Digital Ecosystem

On Friday, the Vietnamese government launched a national blockchain platform, NDAChain, to protect information across…

July 26, 2025

Hedera Price Surges on Robinhood Listing, Is HBAR Heading to $0.30 Next?

Hedera has grabbed the spotlight in the crypto market, with a surge of over 12%…

July 26, 2025

Wellgistics Health’s Bold XRP Move: But Is It Real Strategy or Just Investor Buzz?

Recently, Florida-based Wellgistics Health, Inc, a pharmaceutical distribution and healthcare company filed with the U.S.…

July 26, 2025

This DeFi Altcoin Surged by 20% Overnight, Here’s Why It Might Be the Next Big Crypto

Last night witnessed a remarkable 20% surge in Mutuum Finance (MUTM), a promising decentralized finance…

July 26, 2025