Catenaa, Wednesday, May 07, 2025-ProShares is set to launch three new XRP futures exchange-traded funds (ETFs) on April 30, following tacit approval from the US Securities and Exchange Commission (SEC).
The funds, which provide leveraged and inverse exposure to XRP, will not directly hold the cryptocurrency, differentiating them from a spot ETF.
The new ETFs include an Ultra XRP ETF (2x leverage), a Short XRP ETF, and an Ultra Short XRP ETF (-2x leverage). These funds, filed with the SEC in January, represent the second, third, and fourth ETFs tracking the price of XRP available in the US market.
ProShares joins Vermont-based Teucrium Investment Advisors, which launched the first XRP ETF earlier this month.
ProShares’ move comes after the SEC’s approval of the funds, with no objections raised during the review period. However, ProShares’ separate application for a spot XRP ETF, along with other spot ETF proposals from firms like Grayscale and 21Shares, remains pending.
In addition, the launch follows the announcement from CME Group, the US’s largest derivatives exchange, that it will add XRP futures to its platform. The new XRP futures products will be available alongside BTC, ETH, and SOL offerings.
XRP has seen a slight price increase of 1.1% over the last 24 hours, trading at approximately $2.23.
