#XRPETFs The U.S. Securities and Exchange Commission (SEC) approved the launch of ProShares' XRP futures exchange-traded funds (ETFs) on April 30, as noted in the company's filing with the SEC. Here’s everything you need to know about XRP, its creator Ripple, how futures ETFs will work, and other details.

When were the XRP futures ETFs proposed?

ProShares, which already offers a Bitcoin ETF, proposed the creation of three XRP-related ETFs in January — Ultra XRP ETF (with 2x leverage), Short XRP ETF (with inverse (-1x) leverage), and Ultra Short XRP ETF (with inverse (-2x) leverage), according to a CryptoSlate report.

ProShares' futures ETFs on XRP will track the price of XRP according to the XRP index, the report added.