#XRPETFs

SEC approves ProShares' XRP ETF fund documents

The U.S. Securities and Exchange Commission (SEC) has officially approved ProShares Trust's XRP futures ETF, which includes three separate ETF products, according to information from Fxempire as reported by ChainCatcher. These products include ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF, aimed at providing investors the opportunity to access XRP price volatility without directly holding the XRP token.

Specifically, ProShares Ultra XRP ETF is designed to deliver double the performance relative to the price volatility of XRP futures. Meanwhile, ProShares UltraShort XRP ETF aims to provide the inverse performance.