#XRPETFs

XRP climbed to $2.35 on April 29, 2025, following the SEC’s approval of ProShares’ XRP futures ETFs, set to launch April 30. The ETFs—Ultra XRP (2x leverage), Short XRP, and Ultra Short XRP (-2x leverage)—offer investors indirect exposure via futures contracts, not spot holdings. XRP rose 7% after the news, with analysts predicting a potential 55% rally to $3.55 if momentum holds. However, spot XRP ETF applications from Grayscale, Bitwise, and others await SEC approval, with a 76% chance by year-end, per Polymarket. Brazil’s XRPH11 spot ETF launch adds global momentum, but regulatory clarity remains key for sustained growth.