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SEC Approves ProShares XRP ETFs, Signaling a Major Shift in Ripple-SEC Relations After Years of Legal Disputes

The U.S. Securities and Exchange Commission (SEC) has officially approved ProShares' XRP Futures ETFs, marking a significant milestone for both the crypto industry and Ripple. This approval paves the way for broader investor access to the XRP market without the legal complexities tied to directly holding the token.

ProShares is set to launch three XRP Futures ETFs in the U.S. on April 30:

Ultra XRP ETF (2x leveraged exposure)

Short XRP ETF (inverse exposure at -1x)

Ultra Short XRP ETF (inverse leveraged exposure at -2x)

These new products follow the debut of Teucrium’s first XRP Futures ETF, which began trading on the New York Stock Exchange (NYSE) on April 8 and received a notably positive reception from the market.

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