#XRPETFs The U.S. Securities and Exchange Commission (SEC) has approved ProShares' launch of the XRP futures exchange-traded fund (ETF), marking a significant moment for the XRP community just weeks after the legal battle between Ripple and the SEC officially concluded.

ProShares, known for its Bitcoin-linked ETFs, plans to launch three XRP products on April 30: Ultra XRP ETF (providing 2x leveraged exposure to XRP price), Short XRP ETF (providing -1x inverse exposure), and Ultra Short XRP ETF (providing -2x inverse exposure). According to the filings, all three funds will track the price of XRP through the XRP Index.

_Excerpt from The Crypto Times.