Rumors of ProShares launching XRP ETFs on April 30 were dispelled by Bloomberg ETF analyst, James Seyffart, clarifying that no official release date has been set.
ProShares have confirmed that there are no ETF launches scheduled for April 30, and no specific timeline for future launches has been provided.
XRP's price has remained stable despite the confusion, currently trading at $2.28 with a slight increase above its intraday low.
New XRP ETFs will not hold actual tokens but will utilize futures contracts, offering indirect exposure to XRP price movements.