SEC Approves Giant Company's XRP-Based ETFs: Here's the Launch Date! - Coin Bulletin

The US Securities and Exchange Commission has approved ProShares' XRP futures ETFs, while spot XRP ETFs are still awaiting approval.

The U.S. Securities and Exchange Commission (SEC) has approved ProShares Trust's multiple futures ETFs related to XRP. Among these ETFs set to launch on April 30, 2025, are the ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF, but spot XRP ETFs have not yet received approval.

The funds offered in January received tacit approval thanks to the SEC not raising any objections during its review period. The approved ETFs will offer the possibility of leveraged and inverse positions based on XRP futures prices. These products, designed as Ultra XRP ETF (2x leverage), Short XRP ETF, and Ultra Short XRP ETF (-2x leverage), will provide investors with the opportunity to implement different strategies.

Activity in the XRP market is increasing regarding ETF.

These funds will be the second, third, and fourth ETFs tracking the XRP price in the US market. Previously, the Vermont-based asset manager Teucrium Investment Advisors LLC launched the first XRP ETF in the US earlier this month. This ETF similarly offers leveraged exposure to the XRP price without holding the asset directly.

Bloomberg Senior ETF Analyst Eric Balchunas commented, "It's very strange ( maybe the first ) leveraged ETF of a new asset. Spot XRP has not been approved yet, [ancak] our chances are quite high."

This news came immediately after CME Group announced that it would add XRP futures to the largest derivatives exchange in the US. CME currently lists BTC, ETH, and SOL products as well.

The XRP price has increased by approximately 1.1% in the last 24 hours, trading around $2.23.