#XRPETFs

Until April 28, 2025, the situation of the XRP ETF has advanced considerably. The U.S. Securities and Exchange Commission (SEC) has approved three XRP futures ETFs to be launched by ProShares on April 30, 2025. These funds are: ProShares Ultra XRP ETF, which offers 2x leveraged exposure to the price of XRP; ProShares Short XRP ETF, which allows for short positioning; and ProShares Ultra Short XRP ETF, which provides -2x leveraged inverse exposure. This approval offers institutional and retail investors a regulated option to trade XRP without the need to directly hold the asset.

Additionally, Bitwise Asset Management has submitted a request to launch a spot XRP ETF, which would invest directly in the token. The SEC accepted the request on February 18, 2025, and it is currently under review, which may take up to 90 days. If this ETF is approved, it would allow investors to have direct exposure to XRP in a simpler and safer way.

Following the announcements, the price of XRP has experienced a notable increase, reaching approximately $2.35. The market has reacted positively to the possibility that more regulated financial products related to XRP will be available for investors.

In summary, the approval of the XRP futures ETFs is an important step for its integration into traditional markets, and the potential approval of a spot ETF could further boost the adoption and value of XRP in the future.