#ArizonaBTCReserve ETF of XRP will launch on April 30 after SEC approval.

The official launch will be on April 30. The ETFs are designed for both institutional and retail investors. They offer new ways to gain exposure to XRP without directly owning the token.

This decision comes after the conclusion of Ripple's high-profile legal battle with the SEC. The XRP ETF case had overshadowed the regulatory status of XRP.

Trio of new XRP funds

ProShares presents three leveraged and inverse XRP ETFs:

Ultra XRP ETF: Offers daily exposure to double the price of XRP.

Short XRP ETF: Designed to fluctuate in the opposite direction to the price of XRP, benefiting from its declines.

Ultra Short XRP ETF: Offers exposure at double, doubling the bet on short positions.

These cryptocurrency ETFs are aimed at sophisticated investors looking to increase returns or hedge positions. However, they also carry higher risk. For example, leverage works both ways: gains and losses are magnified.

However, ProShares is not the first to launch. Earlier this month, Teucrium launched the first XRP ETF in the U.S., a 2x product that surpassed $5 million in trading volume on the first day. The company called it their "most successful launch" to date. This success indicates the growing interest among investors for structured exposure to altcoins beyond Bitcoin and Ethereum.