Products are from ProShare and will hit the market on April 30, after the end of the battle between Ripple and the SEC.

According to a recent SEC document, ProShares, a U.S. issuer of exchange-traded funds (ETFs), has received approval to launch three new ETFs based on Ripple (XRP).

According to the United States Securities and Exchange Commission (SEC), ProShares will launch the three futures-based ETFs on April 30, 2025. This occurs weeks after the end of Ripple's long legal battle with the SEC.

Notably, the new ETFs are based on futures and not on spot products. The three new funds are:

Ultra XRP ETF: offers 2x leveraged exposure to the daily price movements of the asset.

Short XRP ETF: offers -1x inverse exposure.

Ultra Short XRP ETF: offers -2x inverse leverage.

Last week, CME Group, a Chicago-based financial services company, added XRP futures to its exchange, with a launch expected next month.

The company also operates financial derivatives exchanges. This includes, for example, the Chicago Board of Trade, New York Mercantile Exchange, and The Commodity Exchange.

In this sense, industry experts and cryptocurrency enthusiasts expressed optimism following the lunch that solidified the agreement.

‘The SEC has just approved an XRP Futures ETF — the first major domino to fall. A spot ETF could be next, unlocking real demand and driving prices up,’ said Armando Pantoja, a cryptocurrency investor since 2011. ‘More than $100 billion could soon flood into XRP,’ he added.

Commission reviews applications for spot XRP ETFs.

With ProShares ETFs expected to go live on April 30, all eyes are on the SEC's pending decisions regarding spot ETFs.

Would an approval for spot products represent an even more significant milestone? Undoubtedly.

Meanwhile, big names are in line for approval, such as Grayscale, VanEck, 21Shares, and Franklin. These companies are filing for spot ETFs with deadlines between April and October 2025.

What is being said out there is that Wall Street is not 'ignoring' XRP. And yes, it is preparing to launch it.