The ETF issuer ProShares will launch three futures-based funds this week that track the price of Ripple's XRP token, following the SEC's tacit approval.

Three XRP ETFs will go live on April 30.

These funds include the Ultra XRP ETF (2x leverage), which offers approximately twice the daily return of XRP price fluctuations; the Short XRP ETF, which provides investors with the opportunity to profit from a decline in XRP price; and the Ultra Short XRP ETF (-2x leverage), which aims to provide approximately twice the inverse return of XRP's daily performance.

ProShares initially submitted the XRP futures ETF proposal in January and indicated in the April prospectus that these products are planned to launch on Wednesday, April 30.

These ETFs recently received default approval from the Securities and Exchange Commission, with no objections raised during the review period. The approval came weeks after the asset management company Teucrium, based in Vermont, launched the first XRP ETF listed in the U.S. earlier this month, providing leveraged exposure to the asset's price without holding it directly.

Shortly after this news was released, CME Group announced that it would add XRP futures next month on its largest derivatives exchange in the U.S., launching alongside Bitcoin, Ethereum, and Solana products.

Ripple's legal resolution boosts ETF momentum.

A series of ETFs tracking XRP emerged after the lengthy legal battle with the Securities and Exchange Commission, closely related to the blockchain payment company Ripple, fully concluded in March, clearing long-standing regulatory hurdles for the fourth largest cryptocurrency.

However, Bloomberg's senior ETF analyst Eric Balchunas acknowledged that it is 'very strange' to see the first ETF of a new asset appear in a leveraged form; however, he added that the possibility of a spot XRP ETF being approved still

is quite high.

Well-known asset management companies, including Grayscale, Franklin Templeton, WisdomTree, Bitwise, 21Shares, and Canary Capital, have submitted documents regarding spot XRP ETFs to U.S. investors. Notably, the SEC has previously recognized some of these applications, and decisions expected in the coming months may pave the way for more XRP investment products.

With precise strategy analysis and massive million-dollar AI big data selection, how to position oneself invincibly? The market never lacks opportunities; the question is whether you can seize them. By following experienced and right people, we can earn more!

Stay tuned: FIS PENGU BMT MEMEFI

#空投发现指南 #特朗普税改 #美股财报周来袭 #MichaelSaylor暗示增持BTC #ProSharesTrustXRPETF