ProShares' Triple XRP ETFs Set for Activation: The Details

The U.S. Securities and Exchange Commission (SEC) has green-lighted ProShares' three XRP exchange-traded funds (ETFs) for a public offering on April 30, 2025. Unlike a spot ETF, these offerings will expose investors to derivatives. The offerings include the Ultra XRP ETF, the Short XRP ETF, and the Ultra Short XRP ETF.

The approval came after the SEC settled its lawsuit with Ripple Labs, the company behind XRP. ProShares, managing over $60 billion in assets, is not new to crypto-based financial products. The company's entry into the XRP space has been termed a "historic milestone" as it eases access for banks, institutional investors, and retail traders.

The approval of these ETFs is seen to provide regulatory validation and potential for massive capital inflows.