#XRPETFs

The SEC greenlighted the ProShares Trust’s launch of multiple XRP futures ETFs, with the effective date set for Wednesday. Traders are awaiting the approval of spot ETFs, and the wait may be longer than anticipated in the US In Brazil, however, the first-ever XRP spot ETF made its debut on the main stock exchange B3 on Friday, according to an official press release. 

SEC approved the ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF; all three products are designed to provide leveraged and inverse exposure based on the price of XRP futures.