The U.S. SEC has officially approved ProShares Trust to launch several XRP-related futures ETFs, set to take effect on April 30, 2025.
However, spot XRP ETFs were not approved.
The approved products include:
ProShares UltraShort XRP ETF
ProShares Ultra XRP ETF
ProShares Short XRP ETF
These ETFs are designed to offer leveraged and inverse exposure based on XRP futures prices — not spot market prices.