#XRPETFs ProShares has received SEC approval to launch three XRP futures ETFs on April 30: Ultra XRP (2x leverage), Short XRP (-1x leverage), and Ultra Short XRP (-2x leverage). While not spot ETFs (which directly hold XRP), these offer regulated exposure to XRP price movements via derivatives.

Spot XRP ETFs from firms like Grayscale are still under SEC review, with a key decision expected by May 22. The approval of futures ETFs is seen as a positive step, potentially paving the way for spot ETFs later this year. Brazil has already approved a spot XRP ETF.

XRP ETFs, both futures and potential spot, offer benefits like increased accessibility for institutional and retail investors, enhanced liquidity, and a regulated way to gain exposure to XRP's price action without direct custody.