You Won’t Believe What’s Really Happening with the ProShares XRP ETF Rumors 🤯

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Well, folks, it was a day like any other in the valley of wishful thinking when a rumor, like a tumbleweed caught in the hot wind, rattled down the digital highway. They said ProShares was launching an XRP ETF on April 30th. People ran with it the way a hungry dog chases a chicken—loud, messy, feathers everywhere, but not a morsel to show for it.

James Seyffart, who spends his days digging through the ETF mines like a gold prospector looking for a good story, gave the world a reality check. Many a soul had been hollering, ‘The ETFs are coming! The ETFs are coming!’ Well, James stepped out of the social media saloon to let everyone know: ProShares is not launching an XRP ETF. Not on April 30, not on any date scrawled onto a napkin by some wild-eyed social media cowboy.

— James Seyffart (@JSeyff)

All this noise started because someone discovered a regulatory filing from ProShares dated April 15, and, quicker than you can say “unfounded speculation,” some news folks turned that filing into an ETF birth announcement. Spoiler alert: the baby hasn’t been born, and, honestly, no one’s even sure it was ever conceived. 🍼🐣

When asked, a spokesperson from ProShares confirmed the situation as gently and dryly as a California drought: “We are not launching any ETF this Wednesday, April 30,” they said. “No more news for you.” It landed like a bucket of cold water on a hot-headed speculator.

The Takeaway

So here we are, standing with empty buckets at the well, learning again that in the land of finance, hope is often followed closely by the sound of bursting bubbles. For now, an XRP ETF is as real as a jackrabbit’s shadow at sundown—worth watching but not worth betting the farm.

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2025-04-29 15:15