According to @dtnewsai article
The US Securities and Exchange Commission (SEC) has approved ProShares Trust to launch three XRP futures-based ETFs — the Ultra XRP ETF, Short XRP ETF, and Ultra Short XRP ETF — set to begin trading on April 30. These funds will offer leveraged and inverse exposure to XRP’s price through futures contracts linked to the XRP Index, without requiring direct ownership of XRP. Following Teucrium’s earlier XRP futures ETF launch on the NYSE, the ProShares ETFs mark the second, third, and fourth XRP-related ETFs available in the US, reflecting growing institutional interest in XRP-based investment products
The approval comes amid easing tensions between Ripple Labs and the SEC. After years of litigation over whether XRP was an unregistered security, Ripple and the SEC have moved toward a potential settlement, with the SEC recently agreeing to drop its appeal of a 2023 ruling. Ripple CEO Brad Garlinghouse described the legal developments as a historic win for the crypto industry. Recent comments from SEC officials also suggest a shift in approach to digital asset regulation, creating a more favorable environment for future crypto-related products..
XRP’s price responded positively to the ProShares ETF approval, rising to $2.28 while most major cryptocurrencies showed little movement. Analysts noted that XRP was the best-performing asset among the top 10 by market capitalization. Looking ahead, while the new futures-based ETFs offer accessible exposure, they also involve higher risk due to leverage. Market watchers are now turning attention to April 30, when the ETFs will officially launch, and to the ongoing speculation about future spot XRP ETF approvals that could further shape the crypto investment landscape.
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