XRPETFs
The US Securities and Exchange Commission (US SEC) approved the launch of ProShares' futures exchange-traded funds (ETFs) on XRP on April 30, the company announced in a filing with the SEC. Here’s everything you need to know about XRP, the token producer Ripple, how futures ETFs will work, and other details.
When were the futures ETFs on XRP proposed?
ProShares, which already offers ETFs on Bitcoin, proposed the creation of three XRP-related ETFs in January — Ultra XRP ETF (with 2x leverage), Short XRP ETF (with inverse (-1x) leverage), and Ultra Short XRP ETF (with inverse (-2x) leverage), according to a CryptoSlate report.
ProShares' futures ETFs on XRP will track the price of XRP on the XRP Index, the report added.
