#XRPETFs

This week, the cryptocurrency market is experiencing activity thanks to the launch of three exchange-traded funds (ETFs) based on XRP futures contracts, which have been approved by the U.S. Securities and Exchange Commission (SEC). They will be launched by ProShares on April 30, 2025, and include:  

• ProShares Ultra XRP ETF – provides double leveraged exposure to the price of XRP

• ProShares Short XRP ETF – allows betting on a decline in the price of XRP

• ProShares UltraShort XRP ETF – provides inverse exposure with -2x leverage

These exchange-traded funds are based on futures contracts and do not directly hold XRP tokens. They allow investors to speculate on the price movements of XRP without owning the underlying asset. This launch comes after the conclusion of the lawsuit between Ripple and the U.S. Securities and Exchange Commission, which removed legal obstacles for XRP.