#XRPETFs

XRP Futures ETFs will begin trading on Apr 30; however, they are not spot ETFs.

XRP’s price rose by more than 6% due to market confusion over the type of ETFs.

Institutional interest in XRP is increasing, which is an inflection point for Ripple and its token.

Price Rally and Misunderstanding Follow Futures Approval

On the evening of April 27, news spread that the U.S. Securities and Exchange Commission (SEC) had approved three ProShares XRP ETFs. Markets quickly reacted. XRP’s price jumped 4% on April 28 after news of the SEC approval, though many traders had mistakenly bet on a spot ETF, not approved.