EXRETF

#EXRETF XRP steadies as SEC Chair Atkins pledges to end regulatory uncertainty and support crypto innovation.

XRP underperforms the broader crypto market, reflecting lingering legal uncertainty

A Ripple-SEC deal, XRP-spot ETF approval, and Fed policy will be key drivers of XRP price direction.

ProShares Trust has received approval from the U.S. Securities and Exchange Commission (SEC) to launch a series of XRP-based ETF products, with the official effective date set for April 30, 2025.

According to the newly filed Form N-1A documents, this launch will include several ETFs focused on XRP, including the ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF. In the filing, the SEC noted that the changes are solely intended to establish a new effective date without any other substantive changes.

ProShares Trust is headquartered in Bethesda, Maryland, with ProShare Advisors LLC acting as the investment advisor and Richard Morris listed as the service agent, supported by the law firm Dechert LLP in New York.

This move marks a strategic expansion of ProShares Trust into the digital asset sector, in line with the company's efforts to broaden its lineup of crypto-based investment products. These XRP ETFs will operate under the mutual fund framework and will be registered in accordance with the provisions of the Securities Act and the Investment Company Act.

This product is designed to provide leveraged and inverse exposure to the price movements of XRP, offering new options for investors seeking access to cryptocurrencies through regulated financial instruments.
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