#XRPETFs The SEC approves the launch date of ProShares' XRP Trust ETF
In a key event for the crypto ecosystem, the U.S. Securities and Exchange Commission (SEC) has given the green light for the launch date of the anticipated XRP ETF under the backing of ProShares Trust. According to official documents, the product will hit the market on April 30, 2025.
This authorization, formalized through the approval of Form N-1A, marks a decisive step in the evolution of ETFs linked to cryptocurrencies. While Bitcoin and Ethereum have dominated this regulatory segment, the inclusion of XRP in the ETF landscape represents a notable expansion of investment options in digital assets.
ProShares drives the adoption of XRP with its ETF
ProShares, known for launching the first Bitcoin futures ETF in the United States, now seeks to replicate its success with XRP. The new ETF will provide a straightforward and regulated way for investors to gain exposure to this cryptocurrency, considered one of the oldest and most established in the sector.
The introduction of the XRP ETF could have a significant impact on liquidity and on the perception of the Ripple token within the market. Historically, the launch of ETFs has boosted both demand and confidence in the underlying assets, which could translate into a bullish dynamic for XRP in the coming months.
