Is ProShares XRP ETF Leading the Race with June 25 Launch? Check

ProShares XRP ETF Inches Forward With June 25 Launch Filing — What It Means for the Altcoin ETF Landscape

Washington, D.C., June 12, 2025 — In a significant regulatory development, ProShares has submitted a post-effective amendment for its proposed XRP Exchange Traded Fund (ETF), setting a tentative launch date of June 25, 2025. While this move has ignited fresh conversations across the financial and cryptocurrency sectors, it’s crucial to clarify: this is not a green light for immediate trading. The amendment, filed under Form N-1A on June 11, 2025, is a procedural update aimed at keeping the ETF under active review by the U.S. Securities and Exchange Commission (SEC).

The initial filing was made on January 17, 2025, and this new amendment indicates that ProShares is actively working to maintain transparency and regulatory compliance amid evolving SEC guidelines. Prominent XRP advocate and influencer JackTheRippler shared the news via social media, further amplifying anticipation among investors. However, formal approval from the SEC remains pending.

Source: X

A Wait-and-Watch Approach, Not an Approval

The post-effective amendment merely updates the fund’s status in the SEC’s regulatory pipeline and does not signal final authorization. Yet, such filings often foreshadow impending movement in the ETF space, whether for spot-based, inverse, or futures-based crypto products. As of now, the ProShares XRP ETF remains in a preparatory phase, but the potential market impact is undeniable.

XRP’s market behavior reflects the tension surrounding the ETF. On June 11, XRP fell by over 2%, currently trading at $2.25. With a market capitalization of $132.57 billion and a 24-hour trading volume of $3.14 billion, the token remains one of the largest altcoins in the market — and one of the most controversial, largely due to Ripple Labs’ ongoing legal battle with the SEC.

Growing Momentum Among ETF Issuers

ProShares is not alone in its pursuit of a regulated XRP-based ETF. Other asset managers — including Bitwise, Canary Capital, CoinShares, 21Shares, and WisdomTree — have filed similar applications. The SEC’s formal acknowledgment of these submissions signals heightened institutional interest in expanding digital asset investment options for U.S. investors.

According to data compiled by Coingabbar, Franklin Templeton’s XRP ETF filing is expected to reach a decision point by June 17, 2025, while the ProShares product is set for review by June 25. However, legal uncertainties surrounding Ripple’s classification as a security continue to loom large, creating a complex backdrop for the SEC’s decision-making process.

ETF Analysts Forecast a Turning Point

ETF analysts Eric Balchunas and James Seyffart from Bloomberg have identified June 2025 as a potential inflection point for crypto-based ETFs, coining the term "Altcoin ETF Summer." Their analysis suggests that XRP’s pending ETF, along with others tied to major altcoins, could usher in a new era for digital asset investment in traditional financial markets.

While Bitcoin and Ethereum ETFs have dominated headlines over the past year, the emergence of altcoin ETFs represents a broader shift. This transformation is being led by firms aiming to cater to the growing demand for diversified exposure to the crypto ecosystem without the complexities of direct token ownership.

What's Ahead for Other Crypto ETF Filings?

As regulatory frameworks mature, multiple altcoin ETF applications remain in the SEC’s queue. Here’s a breakdown of key filings and their projected outcomes, based on market intelligence from Bloomberg:

• Grayscale and Bitwise Index ETFs (Filed October 15, 2024): Both are considered frontrunners with a 90% chance of approval by the July 2, 2025 deadline. These ETFs aim to track baskets of various digital assets, offering investors broader exposure.

• Grayscale and Canary Litecoin ETFs (Filed January 16, 2025): Expected to receive decisions by October 2, 2025, with a similar 90% probability of approval. Litecoin’s long-standing presence in the crypto market adds weight to these filings.

• Solana ETFs by Grayscale, VanEck, and 21Shares (Deadline: October 10, 2025): These applications enjoy equally high approval prospects. Solana’s growing popularity and robust blockchain infrastructure have made it a top contender for institutional adoption.

• XRP ETFs by Multiple Firms (Decision by October 17, 2025): Estimated 85% chance of approval, pending the resolution of Ripple’s ongoing legal issues with the SEC.

• Dogecoin ETFs (Decision by October 17, 2025): Analysts predict an 80% probability of approval. Despite its meme origins, Dogecoin’s liquidity and market cap make it a candidate for institutional product offerings.

• Cardano ETF by Grayscale (Decision by October 23, 2025): Cardano’s strong developer base and proof-of-stake consensus mechanism contribute to its 75% approval likelihood.

• SUI ETF by Canary (Filed April 8, 2025): With an SEC deadline of January 3, 2026, this filing faces the most uncertainty. Analysts estimate a 60% chance of approval, citing the SEC’s open-ended comments and requests for clarification.

The Bigger Picture: Regulated Access to Digital Assets

The growing wave of ETF filings underscores a larger trend — increasing trust in regulated digital asset investment vehicles. ETFs provide traditional investors with a familiar and secure way to gain exposure to volatile but high-growth assets like cryptocurrencies.

For financial institutions, regulated ETFs lower compliance risk while tapping into the growing appetite for crypto diversification. For retail investors, they offer a way to access crypto without managing private keys or navigating complex exchanges.

Source: X

Still, the pace of regulatory approval depends on how swiftly the SEC can address legal uncertainties, especially surrounding the classification of digital assets as securities or commodities.

Conclusion: Eyes on June 25, But Patience Required

While the ProShares XRP ETF has taken a vital procedural step with its June 25, 2025 target launch date, the market should not misinterpret this filing as a final approval. This is merely part of a longer regulatory dance that must play out fully before trading can begin.

Nonetheless, the momentum behind altcoin ETFs continues to build. As more firms engage in similar filings, a broad range of digital assets — from Solana and Dogecoin to Cardano and beyond — may soon become accessible through the same mechanisms that brought Bitcoin ETFs to the mainstream.

This summer, the digital asset world watches closely. For now, it’s a waiting game.

Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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