#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 a significant 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.

- 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.