SEC Approves ProShares XRP Futures ETFs Launch
The SEC has approved ProShares XRP Futures ETFs but not XRP spot ETFs, with an effective date of April 30, 2025.
- SEC approved ProShares XRP Futures ETFs.
- Launch date set for April 30, 2025.
- XRP spot ETFs remain unapproved.
The U.S. Securities and Exchange Commission (SEC) has officially approved the launch of several XRP-related futures ETFs by ProShares Trust. These products include the ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF. The effective launch date for these ETFs is April 30, 2025.
While this marks a significant milestone for XRP enthusiasts, it’s important to note that the SEC has not extended this approval to XRP spot ETFs. This indicates a cautious but progressive stance by the regulatory body towards cryptocurrency investment products.
What These XRP Futures ETFs Offer
The newly approved ETFs are designed to provide leveraged and inverse exposure to the price movements of XRP futures contracts.
- ProShares Ultra XRP ETF aims to deliver two times the daily performance of XRP futures.
- ProShares Short XRP ETF targets the inverse of daily XRP futures returns, allowing investors to benefit from price declines.
- ProShares UltraShort XRP ETF seeks to provide twice the inverse performance.
These investment products offer traders more options to gain exposure to XRP price action without directly holding the cryptocurrency itself.
Spot ETFs Still Out of Reach
Despite this progress, the SEC’s decision not to approve XRP spot ETFs signals ongoing concerns over regulatory and market integrity issues. Investors who prefer direct exposure to XRP will need to wait for further developments. However, the approval of futures-based products is still a positive signal for the broader acceptance of crypto-linked financial instruments.
As the crypto industry grows, future decisions on spot ETFs could eventually pave the way for even broader adoption.
