#XRPETFs

XRP ETFs are exchange-traded funds that track the price of XRP, the native cryptocurrency of the Ripple network. Here are some key developments and options for XRP ETFs ¹ ²:

- *ProShares XRP Futures ETFs*: ProShares has launched three XRP futures-based ETFs, which allow investors to gain exposure to XRP price movements without directly holding the cryptocurrency. These ETFs include:

- *Ultra XRP ETF*: Offers 2x leverage

- *Short XRP ETF*: Provides inverse (-1x) leverage

- *Ultra Short XRP ETF*: Offers inverse (-2x) leverage

- *Spot XRP ETFs*: Several companies, including Bitwise, Canary Capital, and 21Shares, have filed applications for spot XRP ETFs, which would track the direct price of XRP. However, regulatory uncertainty due to the ongoing SEC vs. Ripple case has hindered approval.

- *Brazil's XRP-Spot ETF*: Brazil has already approved its first XRP-spot ETF, potentially paving the way for similar products in other markets.

- *Existing XRP ETPs*: Some European exchanges offer XRP Exchange-Traded Products (ETPs), such as 21Shares XRP ETP, which tracks the value of XRP and is listed on exchanges like Euronext Amsterdam and SIX Swiss Exchange.

The approval of XRP ETFs in the US market may depend on the outcome of the SEC vs. Ripple case and the regulatory environment under the new SEC chair, expected to be more crypto-friendly.