ProShares received SEC approval to launch three futures XRP ETFs on April 30, 2025. The new funds are ProShares Ultra XRP ETF (with 2x leverage), ProShares Short XRP ETF (inverse -1x), and ProShares UltraShort XRP ETF (inverse -2x) — they will track the price of XRP through futures contracts and swaps without directly holding the tokens. This follows the successful debut of Teucrium's 2x XRP ETF, which raised $5 million on its first trading day.
The launch triggered a 4.7% increase in the price of XRP in one day, reaching $391, although the market remains volatile. Futures ETFs do not require direct ownership of XRP, reducing regulatory barriers compared to spot ETFs, which are still awaiting SEC approval. Analysts believe that the success of futures ETFs could accelerate the emergence of spot XRP ETFs in the U.S., especially after the launch of the first spot XRP ETF in Brazil.
Institutional interest in XRP is growing, bolstered by the addition of XRP futures on CME Group. This could open the door for broader investor participation in the crypto market.
#XRP #Cryptocurrency #ETF #ProShares #Blockchain #CryptoMarket #MiningUpdates
#XRP #Cryptocurrency #Exchange Traded Fund #Blockchain
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