🚨 XRP and the SEC: A New Chapter for Ripple? 🚨
The U.S. Securities and Exchange Commission (SEC) has approved the launch of three futures ETFs of $XRP , managed by ProShares Trust. This decision marks a milestone in the integration of XRP into regulated financial products, after years of legal uncertainty with Ripple.
🔍 Key details of the approved ETFs:
✅ Ultra XRP ETF: 2x leveraged exposure to XRP futures.
✅ Short XRP ETF: Inverse return (-1x) to the daily performance of XRP.
✅ Ultra Short XRP ETF: Inverse leverage of -2x, maximizing gains in price declines.
⚖️ What does this mean for XRP? The approval of these ETFs could attract institutional capital, increasing liquidity and legitimacy of XRP in traditional financial markets.