The SEC has approved ProShares Trust to launch a series of XRP-related ETFs, expected to take effect on April 30, 2025. The products include the ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF, offering leveraged and inverse investment options for XRP price fluctuations. Although this is not a spot ETF, this move marks significant progress for XRP-related investment products in the U.S. market. ProShares Trust is actively expanding into the digital asset space.

Source: https://www.sec.gov/Archives/edgar/data/1174610/000168386325003520/f41642d1.htm