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SEC Approves ProShares Trust XRP ETF Launch

On April 30, 2025, the SEC will officially launch ProShares Trust's XRP-focused exchange-traded funds (ETFs), marking a significant advancement for XRP in traditional finance. ProShares has proposed various ETFs, including leveraged and inverse options, using futures contracts rather than direct cryptocurrency ownership. This decision coincides with rising institutional interest in XRP, highlighted by several companies filing for similar ETFs. XRP's market cap stands at $127 billion, with a recent price spike of 480% due to regulatory optimism. The SEC's evolving stance under new Chair Paul Atkins aims to clarify digital asset regulations, potentially accelerating resolutions in ongoing legal matters affecting Ripple. Despite the positive outlook, the futures-based ETF structure and ongoing litigation introduce uncertainties, necessitating cautious investor monitoring.