The U.S. Securities and Exchange Commission (SEC) has approved ProShares Trust's three XRP futures ETFs, which are scheduled to begin trading on April 30, 2025, including the UltraShort, Ultra, and Short strategies. This approval represents a significant advancement for institutional cryptocurrency products, following ProShares' previous success with Bitcoin futures ETFs.
The SEC's approval of ProShares Trust's new XRP futures ETFs marks a crucial moment in the cryptocurrency market, significantly enhancing institutional access to cryptocurrency derivatives. This advancement reflects ProShares' previous success with Bitcoin futures ETFs and has propelled XRP to the forefront of market activity. The expectation for a potential spot XRP ETF is growing, driven by increasing investor interest. Market analysts highlight XRP's dominance over Solana in ETF activities, reflecting its leadership position in the cryptocurrency market landscape.
