XRP news today: ProShares Launches Three XRP ETFs Following SEC Approval

ProShares is set to launch three futures-based XRP ETFs on April 30, following silent approval from the Securities and Exchange Commission (SEC). These ETFs, which include the Ultra XRP ETF (2x leverage), the Short XRP ETF, and the Ultra Short XRP ETF (-2x leverage), are designed to track the price of XRP without holding the actual asset. This approval comes as the SEC did not raise any objections within the allotted time, allowing ProShares to proceed with the ETFs.

The introduction of these XRP ETFs provides investors with the ability to leverage and short the XRP price, offering convenient options for retail speculators who may not have access to complex futures platforms. Although these ETFs are futures-based, there are plans to introduce spot-based XRP ETFs in the near future. ProShares initially announced these ETFs in January and received tacit approval from the SEC, which did not object to the futures market within the specified timeframe. Additionally, CME Group has announced plans to launch XRP futures on its platform, expanding its list of crypto exchange-traded funds (ETFs) to include Bitcoin, Ethereum, and Solana.

Spot-based XRP ETFs are still awaiting approval from the SEC. ProShares, along with other companies such as Bitwise, 21Shares, and Grayscale, have applications pending for XRP spot ETFs. With the recent announcement of three ProShares XRP ETFs, there are now four XRP tracking ETFs in America. The first company to list an XRP ETF was Teucrium Investment Advisors, a firm based in Vermont.

Polymarket has increased the odds of an XRP spot ETF approval in December 2025, with odds rising from 68% to 78%. This change is likely influenced by the announcement of ProShares’ futures exchange-traded funds (ETFs). Polymarket allows participants to trade on various future events, creating a useful prediction market to analyze world events. The recent settlement between the SEC and Ripple Labs has provided some stimulus for prediction market bets on the spot-based ETF. However, creating a spot-based ETF for an advanced crypto market like Ripple proves to be a complicated process for regulators.

ProShares also has an Ethereum futures-based ETF called ProShares Ether Strategy ETF, which was launched in 2023. There is a growing wave of interest in XRP from institutional investors. Numerous companies, including Bitwise and 21Shares, have applied for a spot-based XRP exchange-traded fund (ETF). Interest in XRP has increased following the SEC’s settlement with Ripple Labs. XRP is the fourth-largest crypto with a market cap of $133 billion, and a price increase of about 480% over the past month.

According to the analyst's forecast, the launch of these XRP ETFs is expected to bring billions of dollars in inflows from Wall Street. The heightened interest and regulatory approvals are likely to drive significant investment into XRP, further solidifying its position in the crypto market. The introduction of these ETFs not only provides new investment opportunities but also reflects the growing acceptance of cryptocurrencies by traditional financial institutions. As the regulatory environment continues to evolve, the future of XRP and other cryptocurrencies looks promising, with potential for further growth and innovation.