#XRPETFs The U.S. Securities and Exchange Commission (SEC) has approved the launch of three XRP futures-based exchange-traded funds (ETFs) by ProShares Trust, scheduled to begin trading on April 30, 2025. These ETFs are:

- **Ultra XRP ETF**: Offers 2x leveraged exposure to the price of XRP.

- **Short XRP ETF**: Allows betting against the price of XRP with a -1x inverse exposure.

- **Ultra Short XRP ETF**: Provides a -2x inverse exposure to the price of XRP.

These products are designed for investors seeking short-term trading strategies, as they do not own XRP directly, but instead replicate its performance through futures contracts.

In addition, the SEC has officially recognized Bitwise's application to convert its XRP Trust into an XRP ETF, marking the start of the regulatory review process. This recognition is an important step toward the potential approval of a spot-based XRP ETF.

In Brazil, Hashdex recently launched the first spot-based XRP ETF, which directly holds XRP tokens. This development has raised expectations about the possibility of similar products being approved in the US. However, the SEC has yet to approve any spot-based XRP ETFs in the country.

The SEC's approval of XRP futures ETFs represents a significant step forward in the integration of XRP into regulated financial markets, although spot-based ETFs are still pending approval. #XRPETFs