Contrary to speculation, there has been no approval from the SEC for a spot XRP ETF. The recent development involves ProShares’ launch of Leveraged and Short XRP Futures ETFs, set to debut on April 30. It is uncertain how the false information affected XRP's price today, but it stirred up considerable turmoil. The rise of fake news in the cryptocurrency sphere has the potential to harm investor trust.

Enthusiasm for an XRP ETF has been high among the crypto community, especially following the launch of one in Brazil. However, there have been individuals spreading unfounded optimism. Though ProShares' Futures ETF gained approval, this does not translate to a Spot ETF being available. The SEC is expected to review and likely approve these proposals, but for now, a Spot ETF still remains pending.

The fluctuations in XRP's price over the last day cannot solely be attributed to ETF hype; other factors are at play. Misinformation, as evidenced by recent rumors, has a tangible impact on cryptocurrency markets, potentially affecting XRP. Building a trustworthy industry is hindered by confusion and misleading claims, further highlighting the need for accurate information dissemination.

Spot ETFs hold XRP directly, reflecting real-time market prices, while futures ETFs invest in futures contracts tied to XRP's future value. These leveraged ETFs can exhibit substantial volatility due to daily leverage resetting, making them less suitable for long-term investment. To maintain public trust, the crypto community must exercise caution in verifying sources and promoting transparency.