According to a recent filing by the U.S. Securities and Exchange Commission (SEC), ProShares has attained approval to roll out three new ETFs that track Ripple (XRP).

ProShares, a prominent U.S.-based ETF issuer, is set to introduce three futures-based XRP ETFs on April 30, 2025, following a significant legal resolution for Ripple against the SEC.

🇺🇸 SEC APPROVES APRIL 30 LAUNCH FOR PROSHARES TRUST’S $XRP FUTURES ETF
BULLISH FOR XRP AND ALTCOINS
Link to image
— Ash Crypto (@Ashcryptoreal) April 27, 2025

The forthcoming ETFs will be futures-based, not spot funds, with the following offerings:

• Ultra XRP ETF: Provides 2x leveraged exposure to daily XRP price movements
• Short XRP ETF: Delivers -1x inverse exposure
• Ultra Short XRP ETF: Offers -2x inverse leverage

Recently, the CME Group, a financial derivatives organization located in Chicago, announced the inclusion of XRP futures on its platform, set to commence next month.

Market analysts and cryptocurrency enthusiasts are optimistic about the launch of XRP futures.

“The SEC has just approved an XRP Futures ETF—the first major domino to fall. A Spot XRP ETF could be on the horizon, opening the floodgates for demand and potentially driving prices high. Over $100 billion could soon flow into XRP… stay proactive.” said Armando Pantoja, a seasoned crypto investor since 2011.

The SEC just approved an $XRP Futures ETF—the first major domino to fall. A Spot XRP ETF could be next, unlocking genuine demand and sending prices soaring. Over $100 billion could soon surge into XRP… stay ahead. 🚀 $XRP Link to image
— Armando Pantoja (@_TallGuyTycoon) April 27, 2025

Key Takeaways

• ProShares to launch three Ripple futures ETFs (Ultra XRP ETF, Short XRP ETF, Ultra Short XRP ETF) on April 30, 2025.
• The SEC is examining various spot XRP ETF applications, with Grayscale’s decision deadline set for May 22, 2025.