The post U.S. SEC greenlights ProShares XRP futures ETFs for April 30 launch appeared on BitcoinEthereumNews.com.

The U.S. Securities and Exchange Commission (SEC) has approved the launch of three XRP futures-based exchange-traded funds (ETFs) by ProShares Trust on April 30, an SEC filing shows. On Jan. 17, days before the now crypto-friendly President Donald Trump was inaugurated, ProShares had proposed the following ETFs: Ultra XRP ETF, which will provide 2x leverage Short XRP ETF, which will provide inverse (-1x) leverage Ultra Short XRP ETF, which will provide inverse (-2x) leverage These will be the second, third, and fourth XRP-related ETFs to be launched in the U.S. On April 8, the first XRP futures ETF by Teucrium started trading at the New York Stock Exchange (NYSE) and saw a “terrific response.” It is important to note, however, that a futures-based ETF provides exposure to the price movements of XRP futures contracts. In other words, ProShares’ ETFs will track the price of XRP through the XRP Index. This means that, unlike a spot ETF, which would require buying XRP tokens, a futures XRP ETF allows placing bets on XRP’s price without holding the token itself. ProShares’ separate application for spot XRP ETFs is still pending with the SEC. However, while the U.S. dithers, the first spot XRP ETF by Hashdex started trading in Brazil earlier this week. It does not, however, discount the importance of the launch of these XRP futures ETFs. These products will offer a regulated way to profit from the price movement of XRP, opening the doors for institutional interest. Impact on XRP price The futures-ETF approval had a positive impact on the price of XRP, which rose by 3.5% over the past 24 hours to $2.27 at the time of writing, CryptoSlate data shows. The market cap of XRP now stands at over $312 billion. It is interesting to note that the price of…

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Filed under: News - @ April 27, 2025 11:24 pm