ProShares Leads XRP ETF Push for April 2025 Launch

XRP is no longer waiting for approval. It’s pushing forward. Several major asset managers, including ProShares and Bitwise, have filed to launch XRP exchange-traded funds (ETFs), showing a clear rise in institutional interest in the cryptocurrency.

One of the most talked-about filings comes from ProShares. The firm has applied to launch a futures-based “Short XRP ETF,” with a possible launch date of April 30, 2025. This ETF would give investors a way to gain exposure to XRP through regular brokerage accounts, without having to actually buy or hold the cryptocurrency.

XRP Leads in ETF Filings and Liquidity

According to research from Kaiko, XRP currently leads all altcoins in ETF activity, with 10 active filings. That’s more than other well-known names like Solana, Litecoin, or Dogecoin. XRP also has the strongest liquidity among altcoins, meaning there’s a high level of buying and selling near its current market price. This kind of liquidity is a key factor the SEC looks at when deciding whether to approve ETF applications.

Analyst Sees Real Movement, Not Just Hype

Crypto analyst John Squire shared his excitement about recent developments. Right after he discussed a possible settlement between Ripple and the SEC that could unlock major movement for XRP, ProShares submitted its official ETF filing.

Squire believes this is more than just coincidence. He sees this as real progress, not just market speculation. According to him, XRP is no longer sitting back waiting for a green light. It’s stepping confidently into the spotlight and moving toward wider acceptance in the market.

He also pointed out that the SEC holds the key to what happens next. Under its new leadership, the agency’s decisions could shape how far and how fast XRP grows from here.

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Other Asset Managers Join In

ProShares is not the only firm showing interest.

Companies like Bitwise, 21Shares, and CoinShares have also filed to offer XRP-based products. These filings show that investors are increasingly looking for ways to invest in XRP in a more accessible and regulated format. If approved, these ETFs could bring XRP into the spotlight in traditional financial markets, boosting its visibility and credibility.

Could a Spot XRP ETF Be on the Horizon?

One reason behind the growing optimism is the possible change in direction from the SEC. There’s speculation that the agency might drop its appeal in the ongoing Ripple case. If that happens, it could open the door for a spot XRP ETF — a huge milestone for the crypto.

Still, one big name is missing: BlackRock. Known for its strong influence in the ETF space, BlackRock’s involvement could shift the entire XRP ETF landscape if it decides to take part.

XRP’s path toward mainstream adoption is gaining speed. With multiple ETF filings, changes in regulatory leadership, and strong interest from analysts and investors, the momentum is clearly growing.

While the final outcome depends on the SEC, XRP appears closer than ever to making a major breakthrough we will always remember.

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