On April 30, 2025, ProShares, a leading issuer of exchange-traded funds (ETFs), will launch three futures XRP ETFs after SEC approval. These funds are ProShares Ultra XRP ETF (2x leverage), ProShares Short XRP ETF (-1x leverage), and ProShares UltraShort XRP ETF (-2x leverage), which will track the prices of XRP futures, allowing investors to profit from price increases or decreases without directly owning the token. The launch follows the successful debut of Teucrium 2x Long Daily XRP ETF, which raised $5 million on its first trading day.
These ETFs are not spot funds, meaning they do not invest in XRP directly, but rather use futures contracts and swaps. This is an important step for XRP, strengthening its position in the regulated U.S. market and increasing interest from institutional investors. Analysts believe that futures ETFs could pave the way for the approval of spot ETFs by October 2025, especially in light of crypto-friendly policies following Donald Trump's election.
The launch coincides with positive dynamics for XRP, whose price has risen by 2.79% following news about the ETF. This could act as a catalyst for further growth in demand.
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