#XRPETF XRP ETF news is heating up. The US Securities and Exchange Commission (SEC) has approved the launch of ProShares Trust's XRP-focused exchange-traded funds (ETFs) on April 30, 2025. This significant development marks a major step forward for XRP's integration into mainstream financial markets.

*ProShares XRP ETFs:*

- *ProShares Ultra XRP ETF*: Provides 2x leverage

- *ProShares Short XRP ETF*: Offers inverse (-1x) leverage

- *ProShares Ultra Short XRP ETF*: Provides inverse (-2x) leverage

These futures-based ETFs will allow investors to bet on XRP's price movements without directly owning the cryptocurrency. This move is expected to boost institutional interest in XRP and potentially increase its price.¹ ²

*Current XRP Price:*

- Current Price: $2.24

- Market Cap: $130.19B

- 24h Volume: $15.9B-$16.4B

*Other XRP ETFs:*

- *21Shares XRP ETP*: Tracks the value of Ripple (XRP) with a total expense ratio of 2.50% p.a. and assets under management worth EUR 523m

- *HashKey XRP Tracker Fund*: Launched in response to growing interest in XRP investment products

The approval of XRP ETFs reflects the growing momentum in the cryptocurrency market, with experts predicting increased institutional adoption and potential price growth.³ ⁴ ⁵