#XRPETFs The U.S. Securities and Exchange Commission (SEC) has approved the launch of ProShares' exchange-traded funds (ETFs) for XRP futures contracts on April 30, according to a filing the company made with the agency. Here’s everything you need to know about XRP, the token's manufacturer, Ripple, how futures ETFs work, and other details.

When was the proposal for XRP futures ETFs made?

ProShares, which already offers exchange-traded funds for Bitcoin, proposed in January to create three exchange-traded funds linked to XRP - the Ultra XRP ETF (2x leveraged), the Short XRP ETF (-1x inverse leveraged), and the Ultra Short XRP ETF (-2x inverse leveraged), according to a report by CryptoSlate.

The report added that ProShares' XRP futures ETFs will track the price of XRP on the XRP index.

The proposal submitted on January 17, 2025, came in the wake of the election of the "crypto-friendly" U.S. President Donald Trump.

An explosion of the currency is inevitable, so trade with extreme caution.