#XRPETFs

ProShares is launching three new futures-based XRP ETFs on April 30, 2025, after receiving tacit approval from the U.S. Securities and Exchange Commission (SEC). These funds, which include the Ultra XRP ETF (offering 2x leverage), Short XRP ETF, and Ultra Short XRP ETF (offering -2x leverage), track the price of Ripple’s XRP token but do not hold the asset directly. The SEC did not object to the funds during the review period, allowing ProShares to proceed with the launch.

The announcement follows the earlier launch of Teucrium Investment Advisors LLC's XRP ETF, which became the first XRP-focused ETF in the U.S. earlier this month. Teucrium's fund also provides leveraged exposure to XRP without directly holding the token, marking a new milestone in the crypto investment space.

Bloomberg’s Senior ETF Analyst Eric Balchunas noted the unusual nature of a new asset’s first ETF being leveraged, especially since a spot XRP ETF has not yet been approved.