#XRPETFs ProShares management company announced the launch of three futures exchange-traded funds based on the XRP token from Ripple. Trading is scheduled to start on April 30.

The company submitted an updated application to the SEC on April 15, and the regulator did not express any objections during the review.

The new funds allow access to leverage or to open short positions on XRP, but do not hold the asset directly, as spot ETFs do.

ProShares' product lineup will include:

Ultra XRP ETF - long position with 2x leverage;

Short XRP ETF - short position;

Ultra Short XRP ETF - short position with 2x leverage.