#XRPETFs ProShares receives SEC approval to launch three XRP ETFs

*ProShares is set to launch three new ETFs tracked by XRP following the SEC's tacit approval.

*The new products will include an Ultra XRP ETF, a Short XRP ETF, and an Ultra Short XRP ETF.

*The launch follows the conclusion of the legal battle between Ripple and the SEC, removing regulatory obstacles for XRP.

ProShares will launch an Ultra XRP ETF (2x leverage), a Short XRP ETF, and an Ultra Short XRP ETF (-2x leverage), according to the filings. However, there has been no movement on its spot XRP ETF. Meanwhile, the SEC has acknowledged several spot XRP ETF applications to date.