US SEC Approves Proposed Date for Ripple ETF Launch

The United States Securities and Exchange Commission has officially recognized the proposed date for the launch of the first Ripple-based ETF in the US. ProShares Trust submitted plans to introduce a cryptocurrency exchange-traded fund (ETF) linked to Ripple. According to the documents filed by ProShares with the SEC, the intended launch date is April 30th. However, the SEC has not yet made a final decision regarding the approval of this ETF.