#XRPETFs SEC approves ProShares' XRP ETF fund documents

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 price volatility of XRP without directly holding the XRP token.

Specifically, the ProShares Ultra XRP ETF is designed to deliver double the performance compared to the price volatility of XRP futures contracts. Meanwhile, the ProShares UltraShort XRP ETF aims to provide double inverse performance compared to the price of XRP futures contracts, meaning that when the price of XRP decreases, the fund will grow inversely at double the rate. Finally, the ProShares Short XRP ETF targets reflecting the single inverse performance of the price of XRP futures contracts.