#XRPETFs The United States Securities and Exchange Commission (US SEC) has approved the launch of exchange-traded funds (ETFs) for XRP futures by ProShares on April 30, the company said in a filing with the SEC. Here’s everything you need to know about XRP, the creator of the Ripple token, how the futures ETFs will work, and other details.

When were the XRP futures ETFs proposed?

ProShares, which already offers Bitcoin ETFs, proposed in January the formation of three ETFs linked to XRP: the Ultra XRP ETF (with 2x leverage), the Short XRP ETF (with inverse leverage (-1x)), and the Ultra Short XRP ETF (with inverse leverage (-2x)), according to a report from CryptoSlate.

ProShares' XRP Futures ETFs will track the price of XRP in the XRP Index, the report added.