XRP ETF Launch Rumors Dismissed As ProShares Denies April 30 Plans #NewsETFs

Pro Shares allegedly intends to open an XRP exchange-traded fund (ETF) on April 30, 2025. Pro Shares has formally refuted these assertions, meanwhile claiming that there are no present plans to launch an XRP ETF on that date. This explanation comes amid a flood of speculative stories and growing interest in bitcoin ETFs.

Background on XRP ETF Filings

ProShares has discounted the April 30 launch reports, although the XRP ETF market is still under development overall. In recent months, several asset managers—Bitwise, 21Shares, WisdomTree, Canary Capital—have filed for XRP-based ETFs.

In February 2025, the U.S. Securities and Exchange Commission (SEC) confirmed a 19b-4 filing for the Grayscale XRP Trust from Grayscale. This started an official 240-day evaluation process; October 18, 2025, is projected to be the last decision date.

Since this submission, institutional investors as well as retail traders looking for XRP to follow in the path of spot Bitcoin ETFs, which got approvals earlier this year, have been increasingly interested.

On the ETF discussion, Ripple CEO Brad Garlinghouse has also spoken out saying that approval of an XRP ETF is “inevitable.” He underlined that XRP has evolved greatly and that institutional investors are progressively looking at it as a suitable digital asset for portfolio diversification.

Market Reactions

Although Pro Shares’ denial of the April 30 XRP ETF launch has dampened immediate investor enthusiasm, hope in the market is still high overall. The price of XRP has witnessed little swings lately; at the time of writing, it was roughly $2.29.

While the announcement of Pro Shares may have a temporary effect on speculative trading, analysts believe that later in the year, wider ETF adoption will help XRP’s long-term trajectory. Should the SEC approve one or more of the outstanding XRP ETF registrations by October, XRP may experience a fresh price and liquidity boost akin to what happened with Bitcoin after its ETF approvals.

With rising indications of institutional use and better sentiment following Ripple’s partial legal successes against the SEC, market analysts are also observing that XRP’s performance in 2025 has been rather consistent compared to past years.

Pro Shares Denies Launch

For now, Pro Shares’ unambiguous denial of any XRP ETF launch on April 30 straight lines the record. Nonetheless, thanks to several files under SEC review and an optimistic attitude among Ripple leadership and crypto investors both, the general momentum around XRP ETFs is still robust.

All eyes will stay on regulatory developments, investor posture, and market response as we approach the October deadline for the SEC. Regulatory timing determines whether XRP joins Bitcoin and Ethereum in the ETF focus, but one that looks increasingly likely.