The US SEC has approved ProShares' launch of XRP Futures ETFs on April 30, offering traders exposure to XRP price movements through derivatives contracts. Three ETFs will be available ¹:
- *ProShares Ultra XRP ETF*: 2x leverage, amplifying potential gains or losses
- *ProShares Short XRP ETF*: Inverse (-1x) exposure, profiting from potential price declines
- *ProShares UltraShort XRP ETF*: Inverse (-2x) leverage, amplifying potential gains from price drops
XRP's price surged 7% following the news, currently trading around $2.30 .
