#XRPETFs

The American company ProShares, a fund management firm, will launch three ETFs based on futures of the cryptocurrency XRP (XRP), issued by Ripple Labs, on April 30.

The funds are named Ultra XRP ETF, Short XRP ETF, and Ultra Short XRP ETF. The first has a 2x leverage on the price of XRP; the second is an 'inverse ETF' that increases in price when XRP decreases, and vice versa; and the third follows the same dynamics as the second, but with a 2x leverage.