An XRP ETF (Exchange-Traded Fund) is a financial product that tracks the price of XRP, the cryptocurrency developed by Ripple. It allows investors to gain exposure to XRP's price movements without directly owning the asset, offering a regulated and accessible investment vehicle. Recent developments include the U.S. SEC's approval of ProShares' futures-based XRP ETFs, such as the ProShares Short XRP ETF, ProShares Ultrashort XRP ETF, and ProShares Ultra XRP ETF, which provide leveraged and inverse exposure to XRP price movements through derivatives . Additionally, Brazil has approved the first spot XRP ETF, indicating growing global interest in XRP-based investment products .
