#XRPETF XRP ETF news is heating up. Here are some key developments ¹ ²:
- *ProShares XRP ETFs*: ProShares is set to launch three XRP Futures ETFs on April 30, offering investors exposure to XRP price trends without directly holding the token. These ETFs include:
- *ProShares UltraShort XRP ETF*
- *ProShares Ultra XRP ETF*
- *ProShares Short XRP ETF*
- *XRP Spot ETF*: The first-ever XRP spot ETF has debuted on Brazil's main stock exchange, providing new opportunities for investors. Global XRP ETFs hold approximately $950 million in assets under management.
- *SEC Settlement*: The potential approval of XRP-spot ETFs may hinge on the SEC withdrawing its appeal and a favorable Ripple case settlement. Ripple CEO Brad Garlinghouse mentioned that the company has reached an agreement with the SEC staff to dismiss the case and return most of the $125 million fine.
- *Price Outlook*: XRP's price could surge toward its all-time high of $3.5505 if the SEC withdraws its appeal and a settlement is reached. Some analysts predict a potential longer-term move toward $5 post-ETF launch.
*Current Market Data* ³:
- *Current Price*: $2.17
- *Market Capitalization*: $130.19 billion
- *24-hour Change*: -2.51%
Keep an eye on regulatory developments and market sentiment for future updates on XRP ETFs.