#XRPETF approves the proposal from ProShares Trust to launch futures-based ETF funds 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 ETF funds, 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 leveraged inverse exposure, for approval.