ProShares to Launch Three XRP ETFs Following SEC Approval

Date: April 28, 2025

In a significant development for the cryptocurrency market, ProShares has received tacit approval from the U.S. Securities and Exchange Commission (SEC) to launch three new exchange-traded funds (ETFs) that track XRP, the digital asset associated with the blockchain company Ripple. This move marks a notable shift in the regulatory landscape for XRP, which has faced scrutiny from the SEC over the past few years.

A New Era for XRP ETFs

Scheduled to go live on April 30, 2025, the new ETFs include an Ultra XRP ETF, which will offer 2x leverage, a Short XRP ETF, and an Ultra Short XRP ETF, providing investors various ways to capitalize on their predictions regarding XRP price movements. The introduction of these funds offers traders an opportunity to engage in both long and short positions, potentially increasing liquidity and investment within the XRP market.

Background on Regulatory Approval

This announcement follows the resolution of Ripple’s lengthy legal battle with the SEC, which culminated in March 2025. The court’s decision cleared significant regulatory hurdles that previously impacted XRP’s market viability. As a result, the SEC has since acknowledged multiple XRP spot ETF applications, signaling a gradual acceptance of cryptocurrency products within the financial system.

While ProShares’ new ETFs are set to launch, the firm has not made any movement on a spot XRP ETF, which many investors are eagerly awaiting. Notably, Grayscale’s spot XRP ETF application faces a crucial deadline on May 22, raising anticipation in the market.

Industry Impact and Recent Developments

ProShares’ authorization to launch its XRP ETFs comes on the heels of the successful trading debut of Teucrium’s 2x XRP ETF earlier this month, which became the first XRP ETF available in the United States. Teucrium’s product generated over $5 million in trading volume on its first day, highlighting the growing interest in XRP-based investment products.

Additionally, the CME Group recently added XRP futures to its derivatives exchange, allowing more institutional investors to gain exposure to XRP alongside established cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

Market Reactions

The impending launch of these XRP ETFs and the overall positive regulatory sentiment surrounding cryptocurrency are expected to bolster investor confidence. As the SEC continues to evaluate and approve crypto-related investment products, the landscape for digital assets is evolving, creating new opportunities for both retail and institutional investors.

For many, the introduction of these XRP ETFs symbolizes a new era for cryptocurrency investments, providing a more accessible route for investors seeking to diversify their portfolios amidst ongoing market volatility.

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Note: The prices and percentages referenced in this article are current as of the time of publication and may be subject to market fluctuations.

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