Big update from the crypto world! 📢 According to journalist Eleanor Terrett, the three ProShares XRP ETFs are not spot ETFs, but are designed for futures and leveraged/inverse trading products. 📈🔁
Unlike spot products, these ETFs don't need explicit approval from the U.S. SEC. 🇺🇸✅
Instead, they automatically become effective if the SEC doesn't object within a set timeframe after application! ⏳⚡
This move shows ProShares is tapping into more dynamic, high-volatility strategies for XRP traders — without waiting for the long spot ETF approval process! 🚀
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