#XRPETF , The Approval of XRP ETF:
The SEC has approved the launch of exchange-traded funds (ETFs) related to XRP by ProShares Trust, which will debut on April 30, 2025. This could broaden investment options for those interested in XRP.
Key Details:
- ProShares XRP ETF: Three ETFs will be launched that will offer leveraged and inverse exposure to XRP price movements:
- ProShares UltraShort XRP ETF
- ProShares Ultra XRP ETF
- ProShares Short XRP ETF
- Launch Date: April 30, 2025
- Structure: The funds will be structured under a mutual fund framework and registered in compliance with the Securities Act and the Investment Company Act.
Existing XRP Investment Products:
- 21Shares XRP ETP: A physically-backed ETN (Exchange-Traded Note) that tracks the value of Ripple (XRP), with a total expense ratio of 2.50% per year and assets under management worth €523 million.
Market Impact:
The introduction of XRP ETFs could boost institutional demand and potentially increase the price of XRP. However, the short-term price trajectory of XRP will depend on factors such as the SEC's withdrawal of the appeal and the resolution of the Ripple case.
