The U.S. Securities and Exchange Commission (SEC) has approved the launch of XRP futures exchange-traded funds (ETFs) by ProShares, marking a major moment for the XRP community just weeks after Ripple’s legal battle with the SEC officially ended.
ProShares, known for its Bitcoin-linked ETFs, plans to roll out three XRP products on April 30: the Ultra XRP ETF (which offers 2x leveraged exposure to XRP prices), the Short XRP ETF (providing -1x inverse exposure), and the Ultra Short XRP ETF (offering -2x inverse leverage). According to the filings, all three funds will track XRP prices through the XRP Index.
_From The Crypto Times.
