🔥 Big news for XRP and crypto investors! The U.S. Securities and Exchange Commission (SEC) has approved the public launch of ProShares Trust's XRP futures ETFs, scheduled for April 30, 2025.
CryptoSlate
AInvest
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Crypto Briefing
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ProShares will introduce three XRP futures-based ETFs:
U.Today
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AInvest
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Crypto Briefing
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ProShares Ultra XRP ETF: Aims to deliver approximately twice the daily return of XRP’s price movements.
Crypto Briefing
ProShares Short XRP ETF: Designed to profit from declines in XRP's price.
ProShares UltraShort XRP ETF: Targets approximately twice the inverse (-2x) of XRP’s daily performance.
This development marks a significant step for XRP's integration into mainstream financial markets. Following the announcement, XRP's price rose by 3.5% over the past 24 hours, reaching $2.27 at the time of writing.
Crowdfund Insider
CryptoSlate
While these are futures-based ETFs, the approval has reignited discussions around potential spot XRP ETFs in the U.S., especially after Brazil approved its first XRP-spot ETF recently.
AInvest
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FXEmpire
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Crypto Briefing
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📈 Stay tuned for more updates on XRP and the evolving ETF landscape!