#XRPETF

The U.S. Securities and Exchange Commission (SEC) has given the green light for ProShares Trust to launch a series of ETFs related to XRP, officially setting April 30, 2025, as the effective date. According to the recently updated Form N-1A filing, this launch will include several ETFs focused on XRP.

The registration announcement states that the amendment was made to establish a new effective date for the previously filed funds, including ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF. The SEC notes that this amendment is solely to set April 30 as the launch date and does not require immediate effectiveness upon filing.

It is important to note that for these types of ETFs, the SEC does not grant approval in the same manner as for spot products (spot ETFs). They only become effective if, within a certain period from the filing date, the SEC does not raise objections. In this case, April 30, 2025, has been chosen as the effective date.

ProShares Trust is headquartered in Bethesda, Maryland. ProShare Advisors LLC serves as the investment advisor, while Richard Morris has been appointed as legal representative, with support from the law firm Dechert LLP in New York. This rollout marks a strategic advancement for ProShares Trust into the digital asset space, aligning with the company's development strategy for cryptocurrency-related investment products. The funds are structured as mutual funds and comply with both the Securities Act and the Investment Company Act.