The U.S. Securities and Exchange Commission (SEC) has approved ProShares’ launch of three XRP futures exchange-traded funds (ETFs), set to debut on April 30, 2025. These ETFs—Ultra XRP (2x leverage), Short XRP (-1x inverse), and Ultra Short XRP (-2x inverse)—offer investors exposure to XRP price movements without directly holding the token.

This approval follows the earlier launch of Teucrium’s XRP futures ETF on April 8, 2025, and coincides with the introduction of the world’s first spot XRP ETF by Hashdex in Brazil. While ProShares has also applied for a spot XRP ETF in the U.S., it remains pending SEC approval.

The SEC’s green light for XRP futures ETFs marks a significant milestone for Ripple and the broader cryptocurrency market. It reflects growing regulatory acceptance of XRP as an asset class and opens the door for increased institutional participation. Investors should note that futures-based ETFs involve different risk profiles compared to spot ETFs, as they track the price of futures contracts rather than the underlying asset.

As the crypto ETF landscape evolves, the launch of XRP futures ETFs could pave the way for future spot ETF approvals, potentially enhancing liquidity and price discovery for XRP. Investors are advised to stay informed about regulatory developments and market dynamics when considering exposure to XRP through these new financial instruments. #XRPETF