#XRPETFs

In an unprecedented move, the U.S. Securities and Exchange Commission (SEC) approved the launch of the first exchange-traded funds (ETFs) of XRP futures. ProShares will be the pioneering company, with three ETFs set to begin trading on April 30, 2025: the ProShares Ultra XRP ETF, the ProShares Short XRP ETF, and the ProShares UltraShort XRP ETF.

This news has generated great excitement in the crypto community, being interpreted as a significant step towards the institutional adoption of XRP. While these initial ETFs are based on futures, many expect this to be the prelude to the eventual approval of spot XRP ETFs. The price of XRP has experienced a notable increase following the announcement, reflecting market optimism regarding this new investment avenue.