Catenaa, Monday 28, 2025- The US Securities and Exchange Commission( SEC) has approved the public launch of ProShares Trust’s XRP-focused exchange-traded funds for April 30, marking a major step in XRP’s push into mainstream finance.
ProShares plans to offer multiple futures-based ETFs, including the ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF. Unlike spot products, these funds will track XRP price movements through futures contracts, mirroring the structure of ProShares’ Ether Strategy ETF launched in 2023.
The approval comes amid growing institutional interest in XRP, the fourth-largest cryptocurrency with a $127 billion market cap. XRP’s price has surged 480% over the past month to $2.18, buoyed by Ripple’s regulatory wins, including a New York license to issue a stablecoin.
Further boosting momentum, CME Group is set to launch XRP futures on May 19. Meanwhile, SEC Chair Paul Atkins, appointed by President Donald Trump, has pledged to expedite digital asset regulation, increasing hopes for a final resolution in the agency’s longstanding lawsuit against Ripple.
Market analysts suggest XRP ETFs have a higher likelihood of success compared to products for altcoins like Solana or Cardano, given XRP’s established role in cross-border payments.
However, challenges remain as the SEC continues to favor futures-based crypto ETFs over spot products. Investors are advised to watch technical levels near $2.00 amid expected volatility following the launch.
