SEC Approves Launch Date for ProShares' Trust XRP ETF

In a major milestone for the crypto industry, the U.S. Securities and Exchange Commission (SEC) has officially approved a public launch date for ProShares Trust's XRP ETF.

The U.S. Securities and Exchange Commission (SEC) has approved the launch date for ProShares Trust’s XRP ETF, a major milestone for the crypto industry.

According to information shared by Cointelegraph on Thursday, April 23, the ETF is set to become available on April 30, 2025.

The approval, granted through a Form N-1A registration statement, marks a significant expansion of the crypto ETF landscape.

The majority of the regulatory progress to date has focused on Bitcoin (BTC) and Ethereum (ETH) products. However, XRP’s entry into the ETF market is a pivotal development.

Earlier this year, SEC Chair Gary Gensler highlighted the importance of crypto firms registering their offerings with the commission.

This statement, made during an interview with CNBC, came after several reports indicated that the SEC was preparing to approve several new crypto ETFs.

Among the new products on the horizon is the ProShares Trust XRP ETF, a product that will provide investors with a more accessible and regulated way to gain exposure to XRP in the United States.

As one of the oldest and most recognized cryptocurrencies, XRP is a major player in the digital asset space.

Its entry into the ETF market is a testament to the growing acceptance and integration of cryptocurrencies within traditional financial markets.

With the public launch date now set for April 30, all attention will turn to XRP’s price action in the buildup to the new ETF’s arrival.

If past patterns hold, the increased liquidity and visibility could provide a significant boost to XRP in the months ahead.

For crypto investors and market enthusiasts, April 30 may mark another historic date in the journey of digital asset investing.