Here Are Key Deadlines for XRP This Month

July is gearing up to be a pivotal month for XRP as the SEC is expected to decide the fate of several XRP-related exchange-traded funds (ETFs)

Analyst Nick, popularly referred to as Crypto Crusader, called the XRP community’s attention to the multiple XRP ETF deadlines in July

ProShares XRP ETFs

The first deadline is July 14, when ProShares aims to launch three futures-based XRP ETFs. They include the ProShares Ultra XRP ETF, the UltraShort XRP ETF, and the Short XRP ETF. Notably, through these futures XRP ETFs, investors could gain exposure to twice the daily performance of the coin

According to an accompanying screenshot, ProShares submitted the applications to launch the futures-based XRP ETFs in January 2025. Meanwhile, ProShares previously set April 30 as the effective date for the products. It postponed the date, according to a June 24 post-effective amended prospectus.

In the filing, ProShares locked in July 14 as the date it intends to launch all three XRP ETFs, provided the SEC does not object

In the meantime, the issuer’s Ultra XRP ETF recently listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker UXRP. However, the ProShares Short and UltraShort XRP ETFs have not been listed on DTCC at the time of publication

Turtle Capital XRP ETF

In addition, Turtle Capital’s 2X Long XRP Daily Target ETF is also expected to commence trading on July 21, absent any objections from the SEC. The July 21 timeline aligns with the anticipated completion of the SEC’s review of Turtle Capital’s futures-based XRP ETF application.

Volatility Shares and Rex-Osprey XRP ETFs

Furthermore, the Volatility Shares future-based XRP ETFs are expected to become effective this month, pending the SEC’s approval of their debut. Specifically, the Volatility Shares XRP ETF and 2X XRP ETF could begin trading on July 21

If the SEC has any objections to the products, it must make them known before the deadline. However, silence means tacit approval

Data provided by Nick shows that one of the Volatility Shares XRP ETFs, the 1X XRP ETF, became effective on July 7. Finally, the REX-Osprey XRP ETF has an effective deadline of July 25—the anticipated trading start date, assuming no objections from the SEC.

While the SEC has indirectly approved future-based XRP ETFs, including the Teucrium 2x Long XRP ETF (XXRP), the regulator has yet to approve a spot version. Currently, there are more than 10 spot-based XRP ETF applications. The SEC has a final deadline of mid-October to decide the fate of these spot XRP ETFs