#XRPETFs Latest developments on XRP exchange-traded funds (ETFs) today:
Positive News:
* SEC approves the launch of XRP futures ETFs: The U.S. Securities and Exchange Commission (SEC) has approved the launch of three XRP futures ETFs offered by ProShares, set to begin trading on April 30, 2025. These funds are:
* ProShares Ultra XRP ETF (trades with 2x leverage).
* ProShares Short XRP ETF (trades inversely to the asset price -1x).
* ProShares UltraShort XRP ETF (trades inversely to the asset price with -2x leverage).
* First spot ETF for XRP launches in Brazil: Hashdex launched the first spot ETF for XRP in Brazil last week.
* XRP price increases: XRP price saw a significant rise today (April 28, 2025), reaching a monthly high of $2.36. This increase is partially attributed to the news regarding the exchange-traded funds.
* Increased institutional interest: Reports indicate a rise in institutional interest in XRP following the launch of its exchange-traded funds and those for Solana.
Other important points:
* Not spot funds: It is worth noting that the approved ProShares funds are futures funds and not spot funds. This means they invest in XRP futures contracts rather than holding the cryptocurrency itself.
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