#XRPETFs The issuer of exchange-traded funds (ETFs) ProShares has received the green light from the U.S. Securities and Exchange Commission (SEC) to launch three new products related to XRP. These funds will appear this week, indicating an increasing interest in cryptocurrency investments.

This is reported by CoinDesk.

Among the new offerings will be the Ultra XRP ETF with a twofold (2x) leverage, the Short XRP ETF, and the Ultra Short XRP ETF with a downward (−2x) leverage. Such moves indicate a rapidly growing market for XRР tokens, although the approval of a spot XRP ETF is still in question. The SEC is reviewing several applications for spot XRP ETFs, including one from the management company Grayscale, with the deadline for submission ending on May 22.

Interestingly, ProShares' approval came just a few weeks after the Teucrium ETF with 2x XRP debuted in the market, becoming the first XRP ETF in the U.S. On its first trading day, it amassed over $5 million in volume, marking a real success for the new product.

Also, it is worth noting that last week the CME group added XRP futures to its offerings on the largest derivatives exchange in the U.S., which was an important event among products based on BTC, ETH, and SOL.