The XRP ETF will not be launched soon, why are investors looking at these two dates?
Contrary to some earlier reports, Asset Manager Proshares said XRP ETF Not going to be released soon. Meanwhile, outstanding members of the XRP community hinted that May 1 and June 9 are two dates that community members should expect.
ProShares Debunks XRP ETF Startup Data
Proshares spokesperson Debunked The company’s XRP ETF is scheduled to launch on April 30, the report said. The spokesperson confirmed that there was no ETF Startup It is scheduled to be held on April 30, and there are no updates yet to share potential releases.
In X posts, Bloomberg analyst James Seyffart The rumor was also debunked on April 30 about the Proshares XRP ETF release. He said they have confirmed that this is not the case and there is no release date yet. However, he said they think the ETF may start in the short term or potentially mid-term.
Although the exact release date remains unknown, Proshares proposed in a recent SEC submission that the XRP ETF should be online on May 14. However, this undoubtedly still requires approval from the committee. It is worth mentioning that ETFs are based on XRP futures, not discovered and do not directly contact Altcoin, but are provided to leveraged contracts.
Earlier this month Teucrium Investment Advisors Launched the first ever leveraged XRP ETF in the United States. In addition to the potential launch of the potential XRP ETF, another activity worth looking forward to is the launch of the CME Group XRP Futures. The derivatives exchange announced earlier this month that it will add XRP futures to its crypto suite on May 19 pending approval.
The release of XRP Futures will further consolidate the approval of the on-site XRP ETF. The SEC recently delayed its decision on Franklin Templeton’s XRP ETF, but Seyffart explained that this is expected. Analysts expect the SEC to approve or reject the fund until later this year, possibly in the fourth quarter.
Two dates
Although asset managers show that they intend to offer investment products related to XRP, others like BlackRock still seem hesitant, The world’s largest asset manager Not submitted yet. But, Bale, a distinguished XRP community member, suggested that BlackRock also submitted shortly for the XRP ETF and revealed two dates to keep the attention.
In X post, he said he met someone From BlackRock On May 1 and June 9, he watched as two dates. This has caused speculation that asset managers can submit for XRP ETFs in one of these few days.
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