Exchange-traded funds (ETFs) for XRP are exchange-traded funds that track the price of XRP, the native cryptocurrency of the Ripple network. The U.S. Securities and Exchange Commission (SEC) recently approved ProShares funds for XRP futures contracts, which will launch on April 30, 2025. These funds include:
- *ProShares Ultra XRP ETF*: Provides leveraged exposure to track XRP price movements
- *ProShares Short XRP ETF*: Allows investors to short sell XRP
- *ProShares UltraShort XRP ETF*: Provides leveraged exposure to track XRP price movements
These futures-based ETFs allow investors indirect exposure to XRP price movements. However, some market analysts believe that a spot XRP ETF, which buys and holds actual XRP coins, may have a more significant impact on the market².
*Current XRP Price and Market Activity*
The price of XRP has seen a sharp increase in recent days, reaching a monthly high of $2.36. The market capitalization of the cryptocurrency rose by 6% to $135 billion, with daily trading volume increasing by 170% to over $5.3 billion. The price of XRP is currently trading at around $2.29, up 3.29% over the past 24 hours²³.
*Available Exchange-Traded XRP Products*
Several exchange-traded XRP products (ETPs) are available in various markets, including ⁴ ⁵ ⁶:
- *21SHARES XRP ETP*: Listed on exchanges in Switzerland, the Netherlands, and Germany
- AXRPCHF.SW: Traded on the XSWX exchange in Switzerland
- (link not available) Traded on the XAMS exchange in the Netherlands
- *TOSRF*: Traded on the OOTC exchange in the United States
*Regulatory Developments*
The approval of futures-based XRP ETFs and the resolution of the legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) has contributed to the recent rise in prices. However, the SEC's stance on spot XRP ETFs remains uncertain, as many applications are still under review ¹ ⁷.
