#XRPETF

The SEC has just approved ProShares Trust's proposal to launch futures-related ETF funds concerning 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, focusing instead on funds based on futures contracts.

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

The ETFs approved by the SEC include:

- ProShares UltraShort XRP ETF: Provides inverse exposure with leverage, allowing investors to benefit from a bearish trend in XRP.

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

- ProShares Short XRP ETF: Designed to profit when the price of XRP decreases, suitable for contrarian investment strategies.