The U.S. Securities and Exchange Commission (SEC) has approved the public launch of ProShares Trust's XRP futures-based exchange-traded funds (ETFs), scheduled for April 30, 2025.

These ETFs include the ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF, which will provide leveraged and inverse exposure to XRP price movements through futures contracts and swap agreements, rather than holding XRP directly