๐XRP Futures ETF Launches Coming
But the price will drop anyway
๐งXRP price has dropped by 0.86% even with the buzz surrounding ProShares' launch of XRP Futures ETFs on April 30.
๐These funds do not hold XRP directly, but only futures contracts, swaps, and cash equivalents like treasury bonds.
๐However, they may boost prices in the short term by giving regular investors and litigations a chance to gain exposure to XRP without the need for custody.
๐ณ๏ธTrump's victory and the uncertainty surrounding the SEC may open the door for an immediate ETF for XRP in 2025 - applications have already been submitted.
โ๏ธBut until the SEC's case against Ripple is resolved, the price of XRP remains suspended in a state of uncertainty. A victory could push its price above $3.
๐The XRP price chart does not look good - closely watch legal news, ETF movements, and macroeconomic forecasts.
