$BTC will launch an Ultra XRP ETF (2x leverage), a Short XRP ETF and an Ultra Short XRP ETF (-2x leverage), filings show. No movement has been made on its spot XRP ETF, however. Meanwhile, the SEC has acknowledged several XRP spot ETF applications so far, with fund manager Grayscale’s filing facing a critical May 22 deadline.

ProShares’ approvals come weeks after Teucrium’s 2x XRP ETF started trading earlier this month, becoming the first XRP ETF in the U.S. It racked over $5 million in trading volumes on the first day, becoming the firm’s “most successful” launch to date.

Last week, the CME Group added XRP futures to its largest derivatives exchange in the U.S. for launch next month, alongside BTC, ETH, and SOL