#XRPETFs

The update on XRP ETF is quite exciting. Here are the latest developments:

Recent Approvals

- The US Securities and Exchange Commission (SEC) has cleared ProShares to launch three XRP futures ETFs on April 30, 2025. These ETFs will track XRP price movements through futures contracts.

- The ETFs include.

- *Ultra XRP ETF*: 2x leveraged exposure to XRP prices

- *Short XRP ETF*: Inverse (-1x) exposure to XRP prices

- *Ultra Short XRP ETF*: -2x leveraged inverse exposure to XRP prices

Upcoming Launches

- ProShares' XRP futures ETFs will be listed on the exchange, allowing investors to gain exposure to XRP price movements.

- CME Group is set to launch XRP futures contracts on May 19, 2025.

Spot XRP ETF Developments

- Several asset managers, including WisdomTree, Bitwise, 21Shares, and Canary, have filed applications for spot XRP ETFs with the SEC.

- Grayscale has also applied to convert its XRP Trust into an exchange-traded fund on NYSE Arca.

- The SEC's decision on these applications is pending, with a critical deadline looming on May 22 for Grayscale's proposal.

Market Impact

- XRP's price has surged, reaching $2.33, with a 6.77% increase in the last 24 hours.

- The launch of XRP ETFs could pave the way for institutional interest and increase liquidity in the market.