The SEC has just approved the proposal from ProShares Trust to launch futures-based ETF funds related to XRP, marking an important step in expanding investment products related to altcoins in general and XRP in particular.

However, the approved products do not include spot XRP ETFs, instead focusing on futures-based funds.

The effective date for these funds is set for April 30, 2025.

The approved ETFs include:

- ProShares UltraShort XRP ETF: Provides inverse leveraged exposure, allowing investors to benefit from a downward trend in XRP.

- ProShares Ultra XRP ETF: Aims to amplify profits based on the upward price volatility of XRP futures contracts.

- ProShares Short XRP ETF: Designed to profit when XRP prices decline, suitable for opposing investment strategies.