#XRPETFs SEC approves ProShares' XRP ETF fund documentation

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 the price volatility of XRP without directly holding the XRP token.

Specifically, the ProShares Ultra XRP ETF is designed to deliver double the performance compared to the price volatility of XRP futures contracts. Meanwhile, the ProShares UltraShort XRP ETF aims to provide double the inverse performance compared to the price of XRP futures contracts, meaning that when the price of XRP decreases, the fund will grow double in an inverse ratio. Finally, the ProShares Short XRP ETF targets reflecting the single inverse performance of the price of XRP futures contracts.

These three XRP futures ETF funds are expected to be officially listed and begin trading on April 30, 2025. The SEC's approval of this series of XRP-related ETF products is considered a significant advancement, expanding investment options for the digital asset market, especially in the context of increasing demand for access to cryptocurrency derivatives.