The SEC approved three futures ETFs on XRP from ProShares, reports CryptoSlate.

📅 The launch will take place on April 30. New products:

- 🟠 Ultra XRP ETF (2x Long)

- 🟠 Short XRP ETF (-1x Short)

- 🟠 Ultra Short XRP ETF (-2x Short)

⚡️ These ETFs will provide institutional investors with regulated access to trade the price movements of XRP through futures, without the need to own the token itself.

🇧🇷 While the spot XRP-ETF is still awaiting approval in the USA, Brazil has already launched the world's first spot XRP fund by Hashdex.

📈 The SEC's decision increases interest in altcoins among institutional investors and opens up new trading opportunities amid rising demand for crypto derivatives.