#XRPETF #XRPETF

The SEC has just approved ProShares Trust's proposal to launch futures-related ETF funds focused on 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, but focus on funds based on futures contracts.

The effective date for these funds is set for April 30, 2025.

The approved ETFs by the SEC include:

- ProShares UltraShort XRP ETF: Provides inverse leveraged exposure, allowing investors to benefit from the bearish trend of XRP.

- ProShares Ultra XRP ETF: Aims to amplify returns based on the price volatility increase of XRP futures contracts.

- ProShares Short XRP ETF: Designed to profit when the price of XRP decreases, suitable for contrarian investment strategies.