#xrpetf The U.S. Securities and Exchange Commission (SEC) has just approved the proposal from ProShares Trust 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 for these funds is set for April 30, 2025.

The ETFs approved by the SEC include:

- ProShares UltraShort XRP ETF: Provides inverse leveraged exposure, allowing investors to benefit from a bearish trend in XRP. #$XRP