According to a recent US Securities and Exchange (SEC) filing, ProShares has received approval to launch three new Ripple (XRP)- tracked ETFs .
ProShares, the US-based issuer of exchange-traded funds (ETFs), will be launching three XRP futures- based ETFs on 30 April 2025. This comes weeks after the conclusion of Ripple’s long-standing legal battle with the SEC.
SEC APPROVES APRIL 30 LAUNCH FOR PROSHARES TRUST’S $XRP FUTURES ETF
BULLISH FOR XRP AND ALTCOINS pic.twitter.com/uhRXJUUM8g
— Ash Crypto (@Ashcryptoreal) April 27, 2025
Notably, the new ETFs are futures-based and not spot products. The three new funds that will track the XRP Index are –
- Ultra XRP ETF: Offers 2x leveraged exposure to XRP’s daily price movements
- Short XRP ETF: Provides -1x inverse exposure
- Ultra Short XRP ETF: Delivers -2x inverse leverage
Just last week, the Chicago-based financial services company – CME group, operating financial derivatives exchanges including the Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, and The Commodity Exchange, added XRP futures to its exchange set for launch next month.
Industry experts and crypto enthusiasts have expressed optimism after XRP futures lunch.
“The SEC just approved an XRP Futures ETF — the first major domino to fall. A Spot XRP ETF could be next, unlocking real demand and sending prices soaring. $100 billion+ could soon flood into XRP… stay ahead,” said Armando Pantoja, a 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 real demand and sending prices soaring.
$100 billion+ could soon flood into XRP… stay ahead.
$XRP pic.twitter.com/MVYiS9lTAY
— Armando Pantoja (@_TallGuyTycoon) April 27, 2025
Explore: 9+ Best High-Risk, High–Reward Crypto to Buy in April 2025
SEC Currently Reviewing Applications For Spot XRP ETFs, Grayscale’s Decision Deadline Set For May 2025
With ProShares’ XRP futures ETFs set to go live on April 30, all eyes are now on the SEC’s pending decisions regarding spot XRP ETFs.
Will a green light for spot products would mark an even more significant milestone? Undoubtedly.
Meanwhile, big names are lining up for approval. Grayscale, VanEck, 21Shares, Franklin to name a few – these companies are filing for Ripple ETFs with final deadlines between April-October 2025.
The word on the street is that the Wall Street is not “ignoring” XRP. They’re preparing to launch it.
#XRP ETF DEADLINES ARE STACKING UP
Big names are lining up:
Grayscale, VanEck, 21Shares, Franklin, ProShares and more…
All filing for XRP ETFs with final deadlines between April-October 2025.Wall Street’s not “ignoring” $XRP they’re preparing to launch it.#XRP #ETF #Ripple pic.twitter.com/I9SbfOybre
— XRP_Consultant
(@XRP_Consultant) April 22, 2025
Explore: 17 Next Crypto to Explode in 2025: Expert Cryptocurrency Predictions & Analysis
Key Takeaways
-
ProShares will launch three Ripple futures (Ultra XRP ETF, Short XRP ETF, Ultra Short XRP ETF) on 30 April 2025.
-
The SEC is reviewing several spot XRP ETF applications, with Grayscale’s decision deadline set for 22 May 2025.
The post ProShares To Debut Three New XRP ETFs On 30 April After SEC Nod appeared first on 99Bitcoins.
