The American company ProShares, a fund manager, will launch three ETFs based on futures of the cryptocurrency #XRP (XRP), issued by Ripple Labs on April 30.
The funds are named Ultra XRP #ETF, Short XRP ETF, and Ultra Short #XRPETFs XRP ETF. The first one has a leverage of 2x on the price of XRP; the second is an 'inverse ETF' that increases in price when XRP decreases, and vice versa; and the third follows the same dynamic as the second but with a leverage of 2x.#BinanceAlphaAlert #SaylorBTCPurchase #XRPETFs