$XRP ¡Great News! Green Light for the XRP Futures ETF, Although the Spot ETF Still Awaits

Coinpedia Fintech News was the first to report that the United States Securities and Exchange Commission (SEC) has granted its approval for the first exchange-traded fund (ETF) based on XRP futures, an initiative by ProShares. This new financial product is set to debut in the market on April 30, 2025. Although it is not a spot ETF, which would directly reflect the current value of XRP, this event marks a significant advancement for XRP to gain acceptance in the realm of big finance.

This authorization comes after an extensive and complicated legal battle between Ripple, the company that created XRP, and the SEC. Now, XRP is leaving the courts to integrate into stock operations, joining Bitcoin and Ethereum, which already have both futures and spot ETFs.

Initially, some investors expressed some doubt, questioning the choice of a futures ETF instead of a spot one. However, history tells us that futures ETFs are often the initial stage. This was the case with Bitcoin and Ethereum, and analysts predict that a spot ETF for XRP could be the next logical step. Futures trading provides large institutional investors the opportunity to invest in XRP, regardless of whether the price goes up or down, which is a common and healthy practice in developed financial markets.