#XRPETFs
ProShares is preparing to launch three new exchange-traded funds linked to XRP futures contracts starting April 30, 2025, after obtaining approval from the U.S. Securities and Exchange Commission.
These funds include: Ultra XRP, which aims to achieve double the daily return of the currency's performance, Short XRP, which gives investors the opportunity to benefit from price declines, and Ultra Short XRP, which seeks to achieve double the inverse return of the price movement.
This move follows the successful launch of the daily double Teucrium fund linked to XRP, which saw active trading in its early days.
Although these funds are based on futures contracts and do not hold the digital currency directly, they provide a regulated tool for investors looking to gain exposure to XRP price movements.
In parallel, applications for launching spot trading funds for XRP are still under review, amid expectations that the agency's approval could inject more than $100 billion into the market.
This comes at a time when the price of XRP rose by 7% immediately after the agency's approval announcement, boosting expectations of further growth in the coming period.
