#XRPETF The U.S. Securities and Exchange Commission (SEC) has just approved the proposal from ProShares Trust to launch futures-based ETFs related to 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 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 inverse leveraged exposure, allowing investors to benefit from a bearish trend in XRP.

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

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

This approval reflects the SEC's cautious approach to cryptocurrency products, prioritizing futures-based funds over spot funds due to the greater transparency and stricter regulation of the futures market.