April 30th Ripple (XRP) ETF Update: A Comprehensive Guide

Teucrium and ProShares recently gained regulatory approval to introduce futures-based XRP ETFs in the US, providing investors with leveraged exposure to Ripple's native token's price movements, without holding actual tokens.

Teucrium, a Vermont-based asset manager, led the way by launching the first such ETF, generating about $5 million in trade volume on its debut day. The SEC also approved the launch of three additional XRP ETFs by ProShares, expected to be available from May 14.

Meanwhile, the decision on Franklin Templeton's spot XRP ETF has been postponed until June 17, with prospects remaining favorable for approval in 2025. Spot XRP ETFs, if approved, could simplify investors' access to Ripple's native token, as these types of funds purchase and store the actual cryptocurrency.