On April 30, 2023, the U.S. Securities and Exchange Commission (SEC) approved ProShares to launch three XRP futures-based ETFs: ProShares Ultra XRP ETF (2x leverage), ProShares Short XRP ETF (1x inverse), and ProShares Ultra Short XRP ETF (2x inverse). These ETFs provide price exposure through the XRP futures index, allowing investors to trade without directly holding XRP tokens. This follows the launch of the first XRP futures ETF by Teucrium on April 8, further expanding XRP-related ETF products in the U.S. market. As a result of this news, the price of XRP rose 3.5% to $2.27, with a market capitalization exceeding $312 billion. Additionally, Brazil also launched the world's first XRP spot ETF on April 25, further promoting the global adoption of XRP.