#XRPETFs #XRPETFs

Launch of new XRP ETFs by ProShares

On April 30, ProShares will launch three new ETFs on Ripple's XRP, after receiving SEC approval. These ETFs come in three strategies:

Ultra XRP ETF: long position with 2x leverage. Short XRP ETF: short selling without leverage. Ultra Short XRP ETF: short selling with 2x leverage.

These funds will not be spot XRP ETFs, which are still pending approval. This launch echoes the introduction of XRP futures contracts at the CME and the Teucrium ETF. Currently, XRP has risen 6.8%, reaching $2.32. Cryptocurrency investments carry significant risks.