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🚀 Major Announcement for XRP: SEC Approves ProShares' XRP Futures ETFs
✅ Approval: The SEC has granted ProShares permission to launch three XRP futures-based ETFs: Ultra XRP ETF (⚡ 2x leverage), Short XRP ETF (📉 -1x inverse), and Ultra Short XRP ETF (📉📉 -2x inverse), which will start on April 30.
📰 Background: This decision came after the launch of Teucrium's XRP futures ETF. ProShares' ETFs provide investors the opportunity to benefit from price increases 📈 or decreases 📉 in XRP without having to buy XRP, only through futures contracts.
🤝 Ripple and SEC Settlement: Relations between Ripple and the SEC have improved. The SEC has withdrawn its appeal 🎯 and is now moving towards a major settlement regarding crypto regulations.
📈 Market Reactions: The price of XRP reached $2.28 🚀 following this news, outperforming the entire crypto market 🌎.
🔮 Future Outlook: Experts view this as a significant step for altcoin ETFs 🌟. Although the spot XRP ETF is still pending ⏳, the futures approval boosts optimism, but investors should exercise caution due to leveraged risks ⚠️. $XRP
I Just spent 16hr analyzing the market looking at 100s of charts and patterns and I can finally conclude that Market is dumping because there are more people selling then buying. We will Pump once more buyers come in.