#XRPETFs XRP ETFs are gaining traction, with several developments driving the cryptocurrency's price upward. Here are some key points ¹ ² ³:
- *Upcoming Launches*: ProShares will launch three leveraged and inverse XRP ETFs on April 30, 2025, providing traders with exposure to XRP through derivatives contracts. These include:
- *ProShares Ultra XRP ETF*: 2x leverage
- *ProShares Short XRP ETF*: inverse exposure
- *ProShares Ultra Short XRP ETF*: -2x leverage
- *Spot XRP ETFs*: Several issuers, including Bitwise, 21Shares, and Grayscale, have filed applications for spot XRP ETFs with the SEC. Approval chances are estimated at 42% by July 31 and 76% by December 31, 2025
- *Global Developments*: Brazil's main stock exchange, B3, has launched an XRP spot ETF, while Europe has existing XRP ETPs, such as 21SHARES XRP ETP, available in Switzerland, Netherlands, and Germany
- *Price Impact*: XRP's price surged 7% following the news of ProShares' ETF launch and is currently trading around $2.26-$2.36, with a 1.98% increase
- *Market Sentiment*: XRP's market capitalization has increased by 6% to $135 billion, with daily trading volume surging 170% to over $5.3 billion
The approval of XRP ETFs could lead to increased demand and liquidity for the asset, potentially driving its price up. However, regulatory uncertainty and the ongoing legal battle between Ripple and the SEC remain key challenges ⁴.
