##  [# ProShares: No New XRP ETFs on April 30 Despite Reports](/sections/news/proshares-no-new-xrp-etfs-april-30-despite-reports) 

 

# ProShares: No New XRP ETFs on April 30 Despite Reports

 

 

\- ProShares says it is not planning any new ETF launches on April 30.  
\- These ETFs will likely come before the approval of a spot XRP ETF.



 

 

 

 

 [![Malika](/sites/default/files/styles/author_image_icon/public/2025-03/Headshot%203.png?itok=STS0LyKG)](/authors/mallika-mitra) 

[By Mallika Mitra](/authors/mallika-mitra)

 Apr 29, 2025

 Edited by: David Tony

 

 

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Despite reports that ProShares is planning to launch three exchange-traded funds tracking the prices of XRP-based futures on April 30, the company confirmed to etf.com that’s not happening—yet.

On Monday, a ProShares spokesperson told etf.com the firm “does not have any ETF launches scheduled for Wednesday, April 30. We have no further news to share at this time.”

This follows an SEC [filing](https://www.sec.gov/Archives/edgar/data/1174610/000168386325000203/f40467d1.htm#xx_c476c2a6-810b-49c2-9fff-da984438ef03_1) from January 17, which included details about an Ultra XRP ETF seeking 2x leverage, a Short XRP ETF seeking -1x leverage and an UltraShort XRP ETF seeking -2x leverage, and an April 15 [post-effective amendment](https://www.sec.gov/Archives/edgar/data/1174610/000168386325003520/f41642d1.htm).

However, Bloomberg ETF Analyst James Seyffart [wrote](https://x.com/JSeyff/status/1916885057010295181) in an X post on Monday, “We don’t have a confirmed launch date yet but we believe they will launch—and likely launch in the short or possibly medium term.

ProShares did not respond to etf.com’s request on Tuesday morning for further clarification on the timing of the launch.

## XRP Futures ETF Precedes Spot Offering

The back-and-forth comes after the [**Teucrium 2x Long Daily XRP ETF (XXRP)**](https://www.etf.com/XXRP), another leveraged ETF tracking the price of the Ripple digital currency, [launched](https://www.etf.com/sections/features/xxrp-xrp-etf-2x-leveraged-ripple) on April 8, before approval for a spot XRP ETF.

Eric Balchunas, senior ETF analyst for Bloomberg, [wrote](https://x.com/EricBalchunas/status/1909364066088263883) in an X post just before XXRP’s launch that it was “very odd (maybe a first) that a new asset’s first ETF is leveraged.”

XXRP uses swaps, not CME futures, to obtain leverage, Bryan Armour, director of ETF and passive strategies research for North America at Morningstar, told etf.com.

“Daily leveraged ETFs are notoriously poor performing in the long run, on average,” Armour said. “Investors should be wary of the risks posed by these ETFs.”

 
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 [ Mallika Mitra ](/authors/mallika-mitra) 

 

 

  Mallika Mitra is an experienced business and financial journalist. Her work can be found in Barron's, Kiplinger, CNBC, Bloomberg News, Bankrate, USA…   [View Bio](/authors/mallika-mitra)

 



 

 


 Related Topics  [ProShares](http://www.etf.com/topics/proshares) 

 [Teucrium](http://www.etf.com/topics/teucrium) 

 [Spot Bitcoin](http://www.etf.com/topics/spot-bitcoin)