SEC approves ProShares XRP ETF fund application
The U.S. Securities and Exchange Commission (SEC) has officially approved ProShares Trust's XRP futures ETF, which includes three separate ETF products, according to information from Fxempire as reported by ChainCatcher. These products include ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF, aimed at providing investors with the opportunity to access XRP price volatility without directly holding the XRP token.
Specifically, the ProShares Ultra XRP ETF is designed to deliver double the performance of the price volatility of XRP futures. Meanwhile, the ProShares UltraShort XRP ETF aims to provide double inverse performance relative to the price of XRP futures, meaning that when the price of XRP drops, the fund will grow inversely at double the rate. Finally, the ProShares Short XRP ETF seeks to reflect single inverse performance of the price of XRP futures.
These three XRP futures ETF funds are expected to officially list and begin trading on April 30, 2025. The SEC's approval of this series of XRP-related ETF products is seen as a significant step forward, expanding investment options for the digital asset market, especially in the context of increasing demand for access to cryptocurrency derivative financial products.
