#XRPETF*ProShares Ultra XRP ETF*
- *ProShares Short XRP ETF*
- *US Regulatory Landscape*: The US SEC's stance on XRP ETFs remains uncertain, with multiple applications from firms like Grayscale and Franklin Templeton pending. However, Brazil's successful launch of XRPH11 could provide insights for US regulators.
*Market Impact*
- *XRP Price*: XRP is trading around $2.20, with a potential breakout expected if the US approves an XRP ETF. Analysts predict that XRP could reach $5 or even $24 in the near future.
- *Institutional Appetite*: JPMorgan analysts estimate that spot XRP ETFs could attract up to $8 billion in net inflows if approved in major markets ².