Arizona’s Bitcoin Reserve Bill, SB 1373, has successfully passed the House Committee of the Whole. The bill is now set to move forward to the Third Reading and the final floor vote. This significant step brings Arizona closer to establishing a Bitcoin reserve, potentially strengthening the state’s role in the cryptocurrency space. If approved, this bill could have lasting implications for Arizona’s approach to Bitcoin and digital assets.
In a much-awaited development that could shake up the digital asset space, a recent filing indicates that ProShares Trust may launch an XRP Exchange-Traded Fund (ETF) on April 30, 2025. While the U.S. Securities and Exchange Commission (SEC) has yet to confirm a final approval, the proposed public offering date is now in black and white, raising hopes—and eyebrows—across the crypto market.
The buzz began when industry sources reported on a U.S. SEC document showing ProShares’ registration statement under the Investment Company Act with an “approximate date of public offering” set for April 30. While not yet a formal green light, this is the clearest signal yet that an XRP ETF is imminent.
XRP Price and Market Sentiment
The XRP price surged on the news, outperforming most altcoins over the weekend. Market analysts say that the ETF speculation aligns with strong technical setups forming across the crypto landscape, particularly falling wedge breakouts, a classic bullish pattern.
The Bigger Picture
While questions remain—such as why only ProShares has surfaced with a proposed launch date, and where BlackRock, Fidelity, and others stand—most experts agree this is a pivotal moment for crypto. If confirmed, XRP would join a select club of U.S.-regulated ETF offerings, a move that could open the floodgates for institutional capital.
The post XRP ETF Incoming: SEC Approves April 30 Launch for ProShares appeared first on Coinpedia Fintech News
In a much-awaited development that could shake up the digital asset space, a recent filing indicates that ProShares Trust may launch an XRP Exchange-Traded Fund (ETF) on April 30, 2025. While the U.S. Securities and Exchange Commission (SEC) has yet to confirm a final approval, the proposed public offering date is now in black and …
The SEC delayed Canary Capital’s application for a Litecoin ETF today, opening public comments over the proposal’s compliance with regulatory requirements. The price of LTC fell 5% after the announcement.
The public comment aspect doesn’t appear to signal the Commission’s intentions; this could be a standard delaying tactic. Nonetheless, the market immediately took it as a bearish signal.
However, the SEC instead decided to delay this application, including a request for public comments in its notice:
“The Commission seeks and encourages interested persons to provide comments on the proposed rule change. The Commission asks that commenters address the sufficiency of [whether] the proposal… is designed to prevent fraudulent and manipulative acts and practices or raises any new or novel concerns not previously contemplated by the Commission,” it read.
Litecoin’s price fell quickly after the Commission delayed this application, dropping 5% at its lowest point. Polymarket’s odds of a Litecoin ETF approval in Q2 2025 also plummeted, but the chances of a 2025 approval in general remained steady.
Odds of a Litecoin ETF in Q2 2025. Source: Polymarket
In other words, things could be a lot worse. James Seyffart, an ETF analyst who predicted the Litecoin delay, didn’t comment on the public comment aspect. It seems like a stretch to claim that the SEC is signaling its intent to refuse this or any other altcoin ETF proposal.
Still, the market can react harshly to such developments in the short term, and traders are repositioning their bets on the altcoin.
