ProShares Trust's 8 Crypto Futures ETFs to Take Effect on April 30

According to documents from the U.S. SEC, eight crypto futures ETFs registered by ProShares Trust with the U.S. SEC on January 17, 2025, are set to take effect on April 30. Public records indicate that ProShares Trust registered eight crypto futures ETF products with the U.S. SEC on January 17, 2025, which include four Solana futures ETFs (ProShares Solana ETF, ProShares UltraShort Solana ETF, ProShares Ultra Solana ETF, ProShares Short Solana ETF) and four XRP futures ETFs (ProShares XRP ETF, ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF). April 2, which is 75 days later, was the initially proposed effective date and also the final decision date for the U.S. SEC regarding these eight ETFs, yet the U.S. SEC did not respond by the deadline. ProShares Trust submitted amendments to the U.S. SEC on April 15, with all eight ETFs set to take effect on April 30. According to former Fox reporter Eleanor Terrett, the ProShares Trust's 8 crypto futures ETFs are applications for futures and leveraged/inverse products, which do not require the U.S. SEC's “approval” like spot products. As long as the U.S. SEC does not raise objections within a certain period after the application is submitted, these products will take effect.