The post US SEC Approves ProShares Trust’s XRP ETF: A New Era for XRP Futures Trading appeared on BitcoinEthereumNews.com.

In a significant development for crypto investors, the U.S. SEC has granted approval to ProShares Trust for its new XRP ETF. This series, which comprises three distinct futures ETFs—the ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF—offers a strategic avenue for investors to capitalize on price fluctuations without the necessity of directly holding XRP tokens. The ProShares Ultra XRP ETF is designed to deliver double the return of XRP futures prices, while the ProShares UltraShort version targets a double inverse return, giving investors a tool to hedge against downturns. Additionally, the ProShares Short XRP ETF seeks to provide the inverse return of XRP futures prices, enhancing trading strategies for both aggressive and conservative portfolios. These innovative futures ETFs are set to commence trading on April 30, 2025, marking a pivotal moment in digital asset investment. Source: https://en.coinotag.com/breakingnews/us-sec-approves-proshares-trusts-xrp-etf-a-new-era-for-xrp-futures-trading/

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Filed under: News - @ April 27, 2025 1:27 pm