Secured authorization granted for XRP future-based Exchange-Traded Funds
Unleashing XRP Investment Opportunities: ProShares' Futures-Based ETFs on the Horizon
Get ready for some high stakes XRP investing! ProShares, following a nod from the U.S. Securities and Exchange Commission (SEC), is gearing up to debut three new exchange-traded funds (ETFs) centered around XRP. These ETFs are looking at an 'soon-ish' launch, with the initial date being April 30, 2025, though this may change[1].
The fresh offerings include the Ultra XRP ETF, offering investors a chance to double up on XRP price movements, the Short XRP ETF targeting profits from XRP's decline, and the Ultra Short XRP ETF moving in opposition to XRP's daily return, both with two times leverage. With these funds, investors can capitalize on both the upsides and downsides of XRP price swings[2][4][5].
XRP Futures ETFs Breaking Ground, Spot ETFs Still Await
The forthcoming ETFs mark an important leap in XRP-focused investment products within the U.S. However, spot XRP ETFs are yet to receive the green light. Meanwhile, proposals from giants like Grayscale are in the SEC's review, with a crucial decision day set for May 22[3].
ProShares' move follows Teucrium's launch of the first XRP futures-based ETF earlier this month. The 2x Leveraged XRP fund managed a trading volume of $5 million in its inaugural day, marking the company's most successful product debut to date[3].
Related: 5 Potential Game-Changers for XRP's Price Trajectory
Regulatory Tide Turning Gentler towards XRP
The long-anticipated approval for spot XRP ETFs remains elusive. Spot ETFs, which mirror asset prices directly, are preferred by investors[6]. Regulatory apprehension towards spot crypto ETFs, stemming from past wariness, persists. However, recent Bitcoin spot ETF approvals have fanned hopes for other crypto assets[7].
For now, ProShares' futures contract-focused products offer investors indirect access to XRP price fluctuations. Interest and response to these ETFs will be under observation in the upcoming weeks, especially as the SEC's decision on Grayscale's spot XRP proposal looms[7].
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Preparing for the launch of ProShares' XRP-focused ETFs in 2025, investors can start considering their strategies, as these funds offer opportunities to capitalize on both the upsides and downsides of XRP price swings. With the debut of the Ultra XRP ETF, Short XRP ETF, and Ultra Short XRP ETF, one can double up on XRP price movements, profit from XRP's decline, or move in opposition to XRP's daily return, all with two times leverage. However, it's important to note that spot XRP ETFs, preferred by investors, are still awaiting approval from the U.S. Securities and Exchange Commission (SEC). The regulatory climate seems to be warming up towards XRP, as observed by the recent approval of Bitcoin spot ETFs, which has fanned hopes for spot XRP ETFs.
