The recent approval by the U.S. Securities and Exchange Commission (SEC) of ProShares' XRP futures ETF has sparked a wave of strong expectations for a spot ETF in the near future. This development is regarded by many industry experts as a significant turning point, not only for XRP but also for the digital asset market as a whole.
According to the official announcement, ProShares will launch three new ETFs based on XRP futures contracts: Ultra XRP ETF, Short XRP ETF, and Ultra Short XRP ETF. These products will officially start trading on April 30. Earlier, in early April, Teucrium also launched the 2x Long Daily XRP ETF, initiating a wave of financialization of XRP on Wall Street.
Although it is not yet a spot ETF – a type of fund considered to have a direct impact on asset prices – this move has created a strong wave of optimism within the investing community, especially among XRP supporters.
