$XRP Among the recent movements is the application submitted by ProShares for the launch of three futures ETFs on XRP - Ultra XRP, Short XRP, and UltraShort XRP. Although they are not spot ETFs, these instruments mark an important milestone in the integration of XRP into traditional financial markets, pending approval from the SEC.

Additionally, CME Group (the largest operator of derivative financial instruments exchanges in the world) announced the launch in May of regulated futures contracts on XRP, while Ripple acquired Hidden Road, a FINRA-approved prime broker. All these elements indicate a growing confidence in XRP as a viable financial asset, emphasize Bitget analysts.

The success of the spot ETFs on Bitcoin launched at the beginning of 2024 has demonstrated that regulated instruments can attract institutional capital in the billions of dollars.