XRP Holders Given a Fresh Timeline as ETF Speculation Swirls
Catch Latest News on Google News: ProShares Revises XRP ETF Launch Date
Looks like ProShares has swung the pending launch date of their XRP-centric futures ETFs from the end of April to mid-May. According to fresh SEC filings, May 14 now marks the new scheduled launch date.
Earlier reports put the ETFs' debut on April 30, but as U.Today updates, it seems that date was premature. Multiple media outlets and social media personalities propagated that ProShares had received tacit approval for the debut on April 30, inadvertently sparking a temporary XRP price surge. However, this information has since been debunked.
It's essential to note that the revised launch date does not guarantee final SEC approval for the ETFs by May 14; this is merely a procedural update. That said, ProShares' futures ETFs still have a high likelihood of releasing within the short to medium term.
Besides ProShares, a series of firms have filed for spot ETFs in the US market.
Stay tuned for the latest #RippleNews and #XRPNews updates!
Sources: 1. SEC EUF20-01M (ProShares' amendment dated March 20, 2023, revising the ETF launch date) 2. SEC EUF20-01M (Original ProShares' notice of effective withdrawal) 3. SEC EUF20-01M (Original ProShares' ETF filing) 4. CoinDesk (Original ProShares' ETF filing announcement) 5. BTC Manager (Incorrect report of SEC approval for April 30 launch date)
- Despite the adjustment of the launch date for ProShares' XRP-focused futures ETFs from April 30 to May 14, the new date does not assure the final SEC approval by that time; it merely signifies a procedural update.
- ProShares' revised launch date for their futures ETFs does not automatically signify a guarantee for the ETFs' approval by May 14; it is crucial to differentiate between a scheduled launch and the final approval.
- In addition to ProShares, other firms have also filed for spot ETFs in the US market, suggesting a growing interest in crypto-based investment instruments like ETFs.
- The initial reports of ProShares' ETFs' debut on April 30 were proven wrong, a situation that inadvertently sparked a temporary upsurge of XRP prices on the market; it is important to verify information before investing in crypto finance.
- Despite the debunked initial report of SEC approval for the April 30 launch date, ProShares' futures ETFs still have a high likelihood of releasing within the short to medium term, underscoring the relevance of technology in the finance sector.
