On April 30, 2023, the U.S. Securities and Exchange Commission (SEC) approved ProShares to launch three ETFs based on XRP futures: ProShares Ultra XRP ETF (2x leverage), ProShares Short XRP ETF (1x inverse), and ProShares Ultra Short XRP ETF (2x inverse). These ETFs provide price exposure through the XRP futures index, allowing investors to trade without directly holding XRP tokens. This follows the launch of the first XRP futures ETF by Teucrium on April 8, further expanding XRP-related ETF products in the U.S. market. As a result of this news, the XRP price rose by 3.5%, reaching $2.27, with a market capitalization exceeding $312 billion. Additionally, Brazil launched the world's first XRP spot ETF on April 25, further promoting the global adoption of XRP.