#XRPETF

ProShares XRP Futures ETFs Launching April 30

The U.S. Securities and Exchange Commission (SEC) has approved ProShares' launch of three XRP futures-based ETFs, scheduled for April 30. These include leveraged and inverse products, offering investors exposure to XRP price movements without direct token ownership.

🟡 Spot XRP ETF Filings Progressing

Grayscale Investments has filed to convert its $16.1 million XRP Trust into a spot ETF, aiming to provide direct XRP exposure through traditional investment vehicles. Additionally, MEMX has submitted a filing for an XRP ETF under the Commodity-Based Trust category, aligning XRP with the regulatory framework of approved Bitcoin and Ethereum ETFs.

Grayscale is also expanding its ETF offerings, planning five launches or filings monthly in 2025, with XRP among the major tokens targeted.

⚖️ Ripple-SEC Legal Resolution Enhances Prospects

The SEC has officially dropped its lawsuit against Ripple Labs, concluding a multi-year legal battle over XRP's classification. This resolution removes a significant regulatory hurdle, potentially paving the way for spot XRP ETF approvals. The appointment of SEC Chair Paul Atkins, who advocates for clear digital asset regulations, further supports this trajectory.

🏦 BlackRock's Position Remains Cautious

Despite the positive momentum, BlackRock has not filed for an XRP ETF. Experts suggest this hesitation stems from concerns over regulatory clarity and internal thresholds for demand and liquidity. BlackRock's current focus remains on Bitcoin and Ethereum ETFs, which meet their established criteria.