XRP News Today: Volatility Shares to Launch XRP Futures ETFs Amid SEC Delays

Volatility Shares is set to introduce two XRP futures ETFs this week, including a standard one and a version that offers 2x daily exposure. This follows Teucrium’s XRP futures ETF launch in April, which has accumulated approximately $120 million in assets under management. Additionally, CME Group made XRP futures available for trading this week, with significant notional volume traded on the first day.

However, the Securities and Exchange Commission (SEC) has indicated that it requires more time to consider Grayscale’s proposed XRP ETF, following a similar delay on the firm’s planned Solana ETF. The SEC also noted that it needs additional time to consider allowing Bitwise’s ether ETF to stake its ETH. Industry observers have anticipated these delays, given the SEC’s historical practice of taking the full 240 days allotted to rule on such proposals.

SEC Commissioner Hester Peirce previously mentioned in February that the commission may need to address issues related to custody and other matters before permitting staking in existing ETFs. While the SEC could theoretically allow various proposed crypto ETFs to start trading at any time, investors are advised to closely monitor dates in July and October.

Final SEC deadlines for spot products holding litecoin, SOL, XRP, dogecoin, and cardano are scheduled for October. The SEC’s 240-day windows for polkadot, HBAR, and Avalanche proposals are set to close in November and December. Before these deadlines, observers expect the SEC to decide in July whether crypto index ETFs can expand the assets they hold beyond BTC and ETH. This diversification is seen as a significant opportunity by industry experts.