#XRPETFs XRP ETFs are exchange-traded funds that track the price of XRP, allowing investors to gain exposure to the cryptocurrency without directly owning it. Here are some key points about XRP ETFs ¹ ² ³:

- *Approved XRP Futures ETFs*: ProShares has received approval from the SEC to launch three XRP futures ETFs:

- *Ultra XRP ETF*: Provides 2x leverage to track the price of XRP futures

- *Short XRP ETF*: Bets against the price of XRP

- *Ultra Short XRP ETF*: Offers -2x leverage to track the price of XRP futures

- *Launch Date*: These ETFs are set to debut on April 30, 2025

- *Pending Spot ETF Applications*: Several companies have filed for spot XRP ETFs, including ³ ⁴:

- *Grayscale XRP ETF*: Seeks to convert its XRP Trust into an ETF

- *WisdomTree XRP ETF*: Tracks the performance of XRP

- *Canary XRP ETF*: Filed for an XRP ETF in October 2024

- *Bitwise XRP ETF*: Filed for an XRP ETF in October 2024

- *21Shares XRP ETF*: Filed for an XRP ETF in November 2024

- *Regulatory Environment*: The SEC has not yet approved any spot XRP ETFs, but analysts believe they have a high chance of approval due to XRP's strong fundamental factors

XRP's price has surged recently, partly due to the approval of XRP futures ETFs and expectations of spot ETF approvals. The current price of XRP is around $2.33, with predictions of an 8% rally to test resistance at $2.51