#SaylorBTCPurchase
Breaking: Not What It Seems for XRP ETFs!
Crypto journalist Eleanor Terrett has clarified the buzz around the new ProShares XRP ETFs:
They are NOT spot ETFs — they are futures and leveraged/inverse products!
Key Details:
These ETFs don’t need a full SEC approval like spot ETFs.
They simply go effective if the SEC doesn't object after a review period.
No direct XRP holding involved — just trading based on futures contracts.
Why it matters:
Spot XRP ETF hopes still on hold for now.
Futures-based ETFs often behave differently from actual crypto price movements.
Watch carefully: leveraged products can mean higher risk and volatility!
The wait for a true spot XRP ETF continues... but this is another step in XRP’s growing presence on Wall Street.
