XRP news today: SEC Approves Three XRP Futures ETFs, XRP Price Jumps 3.5%
The U.S. Securities and Exchange Commission (SEC) has officially approved ProShares Trust to launch three ETF products based on XRP futures: ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF and ProShares Short XRP ETF. This approval allows investors to gain exposure to XRP's price movements through leveraged or inverse methods without directly holding the cryptocurrency, marking a significant step forward for XRP in the mainstream financial market.
This move is seen as a potential precursor to the launch of XRP spot ETFs in the future, following the footsteps of Bitcoin and Ethereum. The approval has generated considerable market enthusiasm, with the price of XRP rising by 3.5% following the announcement.
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