$XRP

🚨 XRP Futures ETFs Ignite Market Optimism 🚨

The anticipation of ProShares’ XRP futures ETFs has been a major driver of XRP’s price increase. These ETFs, approved by the SEC, will track XRP-based futures and launch on April 30, 2025. This follows the success of Teucrium’s 2x XRP ETF, which saw over $5 million in trading volume on its debut earlier this month. The CME Group’s addition of XRP futures to its U.S. derivatives exchange, starting next month alongside Bitcoin, Ethereum, and Solana, further signals growing institutional interest.

However, market analyst John Squire, tempers expectations, stating, “The real catalyst will come when a Spot XRP ETF gets approved.” Spot XRP ETF applications, including Grayscale’s with a critical May 22, 2025, deadline, are still under SEC review.\]

"The ETF announcements for XRP are widely accepted as a way for Institutional and retail to get exposure. Wincent's role as a liquidity provider through our OTC trading and market making means we are able to provide spot at very competitive rates to those XRP ETF institutions that can in turn pass on the low cost of access to the early ETF adopters. I expect we will see spot demand for XRP once these additional ETFs launch and help to bring more balance to BTC heavy portfolios given the differing use case of the two assets," Howard added.

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