📢📢 SEC Clears ProShares XRP Futures ETFs to Launch on April 30
ProShares will introduce three XRP-linked exchange-traded funds this week, following recent approval from the US Securities and Exchange Commission (SEC).
The new products include an Ultra XRP ETF offering 2x leveraged exposure, a Short XRP ETF, and an Ultra Short XRP ETF with -2x leverage.
A 2x leveraged ETF aims to deliver twice the daily performance of XRP prices, while a -2x leveraged ETF seeks to deliver twice the inverse of XRP’s daily returns, allowing investors to potentially profit when the token’s price falls.
The ETFs are set to go live on April 30, 2025, marking another milestone for XRP-related investment products in the United States. However, no approval has yet been granted for a spot XRP ETF.
Several applications, including one from fund manager Grayscale, remain under review, with a critical SEC decision deadline looming on May 22.
ProShares’ move comes shortly after Teucrium launched the first-ever XRP futures ETF earlier this month. Teucrium’s 2x XRP fund recorded more than $5m in trading volume on its debut day, making it the firm’s most successful launch to date. New XRP Listings Signal Softer Regulatory Stance After Court Victory.
#AbuDhabiStablecoin #XRPETFApproval #XRPPredictions #XRPBoom #RippleXRP
