SEC Approves April 30 XRP ETF Launch by ProShares Trust

The U.S. Securities and Exchange Commission has approved ProShares Trust's proposal to launch XRP-focused ETFs, setting April 30, 2025 as the effective date. The approval was granted through a Form N-1A filing, which detailed an amendment to previously filed proposals for leveraged, inverse, and ultra-short XRP ETFs. This move marks a strategic foray into the digital assets sector by ProShares, backed by their established financial advisory framework located in Bethesda, Maryland. Alongside the XRP ETF news, separate market narratives mentioned Bitcoin, with noteworthy commentary from Bitwise’s CEO regarding a potential $50 trillion market for Bitcoin. However, the primary focus remains on the XRP ETF launch which is anticipated to broaden investment options through regulated financial products, potentially increasing market confidence and liquidity for XRP. Investors and market participants are closely watching the scheduled launch, with the regulated environment promising to lend greater credibility and stability to digital asset investment products.