#XRPETFs

The recent approval of ProShares' XRP futures ETFs by the SEC marks a significant step for XRP within the US regulatory landscape. These ETFs, launching on April 30th, include leveraged and inverse options, offering traders new ways to engage with XRP's price movements without direct ownership. This development follows the launch of Teucrium's 2x leveraged XRP futures ETF earlier in April and Brazil's approval of a spot XRP ETF.

While these futures ETFs provide exposure, the market's focus remains on the potential approval of a spot XRP ETF in the US. Grayscale's application has a deadline in May, and overall sentiment suggests increasing odds for spot ETF approval later in the year. These developments, coupled with Ripple's regulatory clarity following its legal settlement with the SEC, are contributing to growing institutional interest and positive price momentum for XRP.