No New XRP ETFs on April 30 Despite Reports

From Yahoo Finance: 2025-04-29 18:15:00

ProShares is not launching three XRP-based futures ETFs on April 30, despite reports. The firm confirmed no launches scheduled. SEC filings detail Ultra XRP ETF with 2x leverage, Short XRP ETF with -1x leverage, and UltraShort XRP ETF with -2x leverage. Launch date remains unconfirmed. ProShares has not clarified timing. Teucrium 2x Long Daily XRP ETF launched before spot XRP ETF approval. XXRP uses swaps for leverage, not CME futures. Daily leveraged ETFs have poor long-term performance, warns Morningstar. Investors should be cautious of risks associated with these ETFs.

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