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

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

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

The ETFs approved by the SEC include:

- ProShares UltraShort XRP ETF: Provides inverse exposure with leverage, allowing investors to benefit from bearish trends in XRP.

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

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

This approval reflects the SEC's cautious approach to cryptocurrency products, prioritizing futures-based funds over spot funds due to the greater transparency and stricter regulation of the futures market.