#XRPETFs

According to news reports, the US Securities and Exchange Commission (SEC) has given the go-ahead for ProShares Trust to launch three XRP futures-based exchange-traded funds (ETFs). ‘Following the SEC filings released last week, the ProShares XRP futures ETFs: ‘Ultra XRP ETF, Short XRP ETF, and ‘Ultra Short XRP ETF’, will start trading on ‘April 30 and offer leveraged and inverse exposure to XRP’s price through the ‘XRP Index.

These will be the second, third and fourth ‘XRP-related ETFs in the US, following Teucrium’s XRP futures ETF which started trading on the ‘New York Stock Exchange (NYSE) earlier this month and got a “terrific response”.