#xrpetf

Upcoming ProShares XRP Futures ETFs

ProShares is launching three XRP Futures ETFs on April 30, offering investors exposure to XRP price trends without directly holding the token. These ETFs include ¹:

- *ProShares UltraShort XRP ETF*: For investors betting against XRP's price, allowing them to potentially profit from a decline.

- *ProShares Ultra XRP ETF*: Designed for those looking to amplify XRP's daily returns, providing leveraged exposure.

- *ProShares Short XRP ETF*: Enables investors to short XRP, betting against its price.

XRP Market Performance

XRP recently gained 0.42% to close at $2.1916, mirroring a broader crypto market cap rise to $2.92 trillion. The token's performance is influenced by various factors, including ETF-related news and regulatory developments ¹.

Global XRP ETF Developments

- *Brazil's XRP ETF*: The world's first spot XRP ETF was launched on Brazil's primary stock exchange, B3, on April 25, managed by Hashdex. This ETF tracks the XRP Reference Price Index and has a competitive fee structure ².

- *US XRP ETF Filings*: Several companies, including Bitwise, ProShares, 21Shares, and Franklin Templeton, have filed for XRP ETFs in the US. However, the SEC's decision on these filings is pending, and approval may hinge on the resolution of Ripple's lawsuit with the SEC ³ ¹.

Regulatory Updates

The SEC's appeal withdrawal and resolution of Ripple's lawsuit are crucial for XRP-spot ETF approvals. Recent developments suggest a potential settlement, with Ripple and the SEC agreeing to drop their appeals and Ripple paying a $50 million fine ¹.