#XRPETFs

XRP ETFs are exchange-traded funds that track the price of XRP, the cryptocurrency associated with Ripple. Recently, the US Securities and Exchange Commission (SEC) approved ProShares' XRP futures-based ETFs, set to debut on April 30, 2025. These ETFs allow investors to gain exposure to XRP's price movements without directly holding the cryptocurrency.

Types of XRP ETFs

- *Futures-based ETFs*: Track XRP futures contracts, allowing investors to bet on XRP's price without owning the token. Examples include ProShares' Ultra XRP ETF, Short XRP ETF, and Ultra Short XRP ETF, offering 2x leverage, inverse (-1x) leverage, and inverse (-2x) leverage, respectively.

- *Spot ETFs*: Would require direct ownership of XRP tokens. ProShares has a pending application for a spot XRP ETF with the SEC.

Key Developments

- *SEC Approval*: ProShares' XRP futures ETFs have been approved, marking a significant advancement for Ripple and potentially attracting institutional interest.

- *Existing XRP ETFs*: Teucrium's XRP futures ETF began trading on the NYSE on April 8, 2025, and Hashdex's spot XRP ETF was approved in Brazil.

- *CME Group*: Plans to launch XRP futures contracts on May 19, 2025, to tap into growing interest in tokens beyond Bitcoin and Ether.

Impact on XRP

- *Price Movement*: XRP's price rose 3.5% to $2.27 after the SEC approval, with a market capitalization exceeding $312 billion.

- *Institutional Interest*: Growing interest from institutional investors, with asset managers like Franklin Templeton, Canary Capital, and Bitwise applying for XRP-related investment products ¹ ².