The US SEC has approved the launch of XRP Futures ETFs, but not a spot XRP ETF. ProShares' XRP Futures ETFs are expected to provide a regulated way for investors to profit from XRP tokens. Here's an update on the current status

- *XRP Futures ETF Approval*: The SEC has approved ProShares' launch of XRP Futures ETFs, which will track XRP price movements through futures contracts. This allows users to bet on XRP's price without buying the token.

- *Launch Date*: The launch date was initially set for April 30, but it has been delayed to May 14.

- *Spot XRP ETF Approval Odds*: Bloomberg analysts estimate an 85% chance of a spot XRP ETF being approved in 2025, citing growing institutional interest and reduced SEC oversight.

- *Other ETF Filings*: Multiple firms, including Grayscale, Bitwise, and Franklin Templeton, are vying for SEC approval of spot XRP ETFs. The SEC has delayed decisions on these filings, with deadlines set for May 22 and June 17, 2025.

- *Market Impact*: XRP's price has been affected by the ETF news, with a current price of around $2.24. Analysts predict a potential price surge if the ETF is approved, with some forecasting XRP to reach $19.27.

Keep in mind that the ETF landscape is constantly evolving, and updates may change the outlook for XRP ETFs #XRPETFs