#XRPETF XRP ETFs are gaining traction globally. Here are some key developments ¹ ² ³:
- *Upcoming Launches*: ProShares is set to launch three XRP Futures ETFs on April 30, offering investors exposure to XRP price trends without directly holding the token. These ETFs include:
- *ProShares UltraShort XRP ETF*
- *ProShares Ultra XRP ETF*
- *ProShares Short XRP ETF*
- *Existing Products*: 21Shares XRP ETP is a popular exchange-traded product tracking Ripple's XRP, available on various exchanges like Euronext Amsterdam, XETRA, and SIX Swiss Exchange.
- *Global Expansion*: The first-ever XRP spot ETF has debuted on Brazil's main stock exchange, providing new opportunities for investors.
- *Market Performance*: XRP's price has seen fluctuations, with a recent 0.42% gain to $2.1916. The token's performance is influenced by broader market trends, regulatory developments, and the ongoing SEC case against Ripple.
The future of XRP ETFs may depend on ¹:
- *SEC Appeal Withdrawal*: A crucial factor for XRP-spot ETF approvals, which could drive XRP's price toward its all-time high of $3.5505 or potentially $5.
- *Regulatory Clarity*: Clear guidelines and favorable court rulings could boost institutional demand and fuel the growth of XRP ETFs.