#XRPETFs XRP ETFs are exchange-traded funds designed to track the price of XRP, allowing traders to gain exposure to its price movements without directly buying or managing the cryptocurrency. Here are some key points about XRP ETFs ¹:
- *What is an XRP ETF?*: An XRP ETF mirrors the price movements of XRP, providing a regulated and traditional investment vehicle for investors.
- *Benefits*: XRP ETFs could broaden institutional and retail participation, offer easier access to XRP, and provide a familiar investment vehicle for institutional investors.
Several companies have filed for XRP ETF products in the US, including ²:
- *Bitwise*: Filed for an XRP ETF on October 2, 2024
- *Canary Capital*: Filed for a similar product on October 8, 2024
- *21Shares*: Filed for an XRP ETF in late 2024
- *ProShares*: Filed for several XRP ETF products on January 17, 2025, including:
- *ProShares Ultra XRP ETF* (2x leverage)
- *ProShares Short XRP ETF*
- *ProShares Ultra Short XRP ETF* (-2x leverage)
ProShares Trust's XRP-focused ETFs are set to launch on April 30, 2025, pending SEC approval. The launch includes leveraged and inverse exposure to XRP price movements through futures contracts ³ ⁴.
Some notable XRP ETFs trading on various exchanges include ⁵ ⁶ ⁷:
- *21SHARES XRP ETP*: Trading on exchanges in Switzerland, Netherlands, and Germany
- *TOSRF*: Trading on the OTC market in the US
The approval of XRP ETFs could lead to increased demand for XRP, greater liquidity, and more stable price discovery, especially with institutional involvement ¹.
