On April 27, 2016, the U.S. Securities and Exchange Commission (SEC) approved ProShares Trust to launch three XRP futures exchange-traded funds (ETFs): ProShares Ultra XRP ETF, ProShares UltraShort XRP ETF, and ProShares Short XRP ETF. These three funds provide 2x long, 2x short, and 1x short returns on XRP futures prices, offering investors a regulated tool to bet on price movements without directly holding XRP. Scheduled to be listed on NYSE Arca on April 30, these ETFs not only mark another breakthrough for XRP into mainstream finance but also sparked heated discussions in the market regarding the approval process for crypto ETFs.