#XRPETF The US Securities and Exchange Commission (SEC) has just approved ProShares Trust's proposal to launch XRP-related futures ETFs, marking an important step in expanding investment products related to altcoins in general and XRP in particular.

However, the approved products do not include XRP spot ETFs, but focus on futures-based funds.

The effective date of these funds is set for April 30, 2025.

SEC-approved ETFs include:

- ProShares UltraShort XRP ETF: Provides inverse exposure with leverage, allowing investors to benefit from XRP's downward price trend.

- ProShares Ultra XRP ETF: Aims to amplify profits based on the upward price movement of XRP futures.

- ProShares Short XRP ETF: Designed to profit when XRP prices decline, suitable for contrarian investing strategies.

This approval reflects the SEC’s cautious approach to crypto products, favoring futures-based funds over spot ones, due to the transparency and stricter regulation of the futures market.