SEC Approves ProShares Trust’s XRP Futures ETFs for April 30 Launch

In a major development for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has approved the public launch of ProShares Trust’s XRP futures exchange-traded funds (ETFs). The launch is scheduled for April 30, 2025.

The approved products include the ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF. These ETFs are designed to offer leveraged and inverse exposure to XRP futures prices, giving investors the ability to speculate on XRP's movements without directly holding the asset.

Following the announcement, XRP’s price surged past $2.23, with trading volumes increasing sharply across major exchanges. This move highlights growing investor excitement and confidence in XRP's expanding role in traditional financial markets.

It’s important to note that the SEC’s approval is limited to futures-based ETFs; spot XRP ETFs have not yet received approval. However, this milestone is seen as a major step forward for institutional adoption of XRP and could pave the way for further crypto-based investment products.

Thanks for reading and please research on CheckDot 🤝