The discourse surrounding the XRP ETF has transitioned from mere conjecture to becoming a pivotal topic in the financial ecosystem. With key regulatory deadlines looming this July, stakeholders, including investors and market analysts, are closely monitoring the developments. A recent commentary by crypto enthusiast Mark sheds light on the potential impact of these deadlines for the XRP ETF space.
This commentary stresses the growing activity in the ETF landscape along with impending filing dates that could shape the future of XRP investments. Particularly, three critical dates in July—July 14, July 21, and July 25—are set to be pivotal for the launch and decisions regarding various futures and spot ETFs linked to XRP.
Leading the Charge: ProShares and XRP Futures ETFs
ProShares stands at the forefront of the XRP futures ETF movement with multiple proposals awaiting regulatory approval. The financial giant is gearing up for the launch of three distinct XRP futures ETFs on July 14, an optimistic timeline that follows prior delays.
The ETFs in question include the Ultra XRP ETF, UltraShort XRP ETF, and Short XRP ETF. Initially on hold, these products see renewed momentum following the SEC’s acknowledgment of their proposals. Designed to cater to varying investment strategies, they allow investors to gain both long and short exposure to XRP’s price volatility.
If no objections arise from the SEC, ProShares anticipates proceeding with the launch of all three ETFs on the specified date, which could set a significant benchmark for futures-based XRP investment options within the United States.
Following this, July 21 brings another wave of action with two more firms set to launch their products. Volatility Shares plans to debut its 2X XRP ETF, promising double the exposure to XRP’s daily price fluctuations. Additionally, this date marks the inaugural trading day for Volatility Shares’ standard XRP ETF. Meanwhile, Tuttle Capital seeks to introduce its 2X Long XRP Daily Target ETF, with both companies receiving the necessary SEC notifications and approvals.
Anticipated Spot ETFs: The SEC’s Decision Day
While several XRP futures ETFs appear to be on track, the approval of spot ETFs remains uncharted territory. The most critical date in July unfolds on the 25th, when the SEC is expected to render its verdict on the REX-Osprey XRP ETF, a momentous decision for the spot ETF domain.
A positive ruling would signify a groundbreaking approval for one of the initial spot XRP ETFs to officially trade in the U.S. market. The potential for the first Spot XRP ETF to hit the market this month may indicate a shift in the SEC’s regulatory stance, especially in light of its previous hesitance towards XRP’s classification. Other major entities such as Bitwise, 21Shares, and CoinShares are poised behind their respective filings, ready to spring into action should the REX-Osprey decision pave the way for favorable outcomes.
