#XRPETFs #XRPETFs are gaining significant traction as the U.S. Securities and Exchange Commission (SEC) has approved ProShares' XRP futures ETFs, scheduled to launch on April 30, 2025. These ETFs include the Ultra XRP ETF (2x leverage), Short XRP ETF (-1x), and UltraShort XRP ETF (-2x), providing investors with various exposure options to XRP's price movements without directly holding the token .

It's important to note that these are futures-based ETFs, which do not require explicit SEC approval; they become effective if the SEC does not raise objections within a specific timeframe . This development follows Brazil's approval of the first spot XRP ETF by Hashdex, indicating a growing global acceptance of XRP-based investment products .

In response to these developments, XRP's price has surged past $2.29, reflecting increased investor optimism . The introduction of these ETFs is expected to enhance liquidity and provide new trading opportunities for both institutional and retail investors.