#XRPETF

28th April 2025 – (New York) The U.S. Securities and Exchange Commission (SEC) has approved the launch of three XRP futures-based exchange-traded funds (ETFs) by ProShares Trust, which are set to debut on 30th April, as indicated in an SEC filing. ProShares proposed these ETFs on 17th January, shortly before the inauguration of the crypto-friendly President Donald Trump.

The newly approved ETFs include the Ultra XRP ETF, which offers 2x leverage; the Short XRP ETF, providing inverse (-1x) leverage; and the Ultra Short XRP ETF, which offers inverse (-2x) leverage. These products will be the second, third, and fourth XRP-related ETFs introduced in the U.S., following the launch of Teucrium’s first XRP futures ETF on April 8, which received a strong market response.$XRP