#XRPETFs

XRP ETFs are exchange-traded funds that track the price of XRP, the cryptocurrency developed by Ripple. Here's what's happening in the XRP ETF space:

Recent Developments

- *ProShares Launches XRP ETFs*: ProShares has received approval from the US Securities and Exchange Commission (SEC) to launch three XRP futures-based ETFs: Ultra XRP ETF, Short XRP ETF, and UltraShort XRP ETF. These ETFs will offer traders exposure to XRP price movements through derivatives contracts with leverage options (2x, -1x, and -2x).

- *Launch Date*: The ETFs are set to debut on April 30, 2025.

- *Futures-Based vs. Spot ETFs*: Unlike spot ETFs, which would require holding actual XRP tokens, futures-based ETFs track XRP prices via derivatives contracts.¹ ²

Market Performance

- *Current XRP Price*: XRP is trading at $2.34, with a 7.23% increase in the past 24 hours.

- *Market Capitalization*: XRP's market capitalization stands at $126.96 billion.³

Regulatory Landscape

- *SEC Approval*: The SEC's approval of ProShares' XRP futures ETFs signals a positive shift for Ripple, which has faced ongoing legal challenges with the SEC.

- *Potential Impact*: The approval could attract institutional interest and increase demand for XRP, potentially driving up its price.

Available XRP ETPs

- *21Shares XRP ETP*: This ETP is available on various exchanges, including XSWX, XAMS, and OOTC, with different symbols (AXRPCHF.SW, (link unavailable), TOSRF).

- *Current Prices*: Prices vary across exchanges, with (link unavailable) trading at $61.52 and TOSRF at $60.85.⁴ ⁵ ⁶