XRP news today: ProShares Launches XRP Futures ETFs, XRP Price Jumps 9%

ProShares, a leading provider of exchange-traded funds (ETFs), is set to launch three XRP futures ETFs on May 14, 2025, following tacit approval from the U.S. Securities and Exchange Commission (SEC). The new ETFs, which include the Ultra XRP ETF, Short XRP ETF, and Ultra Short XRP ETF, are designed to offer leveraged and inverse exposure to the price movements of XRP, the cryptocurrency associated with Ripple. These ETFs will not hold the actual XRP tokens but will instead track the performance of XRP futures contracts.

The launch of these ETFs marks a significant development in the cryptocurrency market, as it provides investors with a regulated and accessible way to gain exposure to XRP without directly holding the digital asset. This move is expected to attract institutional investors who are increasingly interested in diversifying their portfolios with non-Bitcoin, non-Ethereum cryptocurrencies.

The approval of these ETFs comes at a time when the regulatory environment for digital assets is evolving. The SEC's framework for approving futures ETFs is less stringent compared to spot ETFs, as the regulator does not challenge the filing within a certain time frame, allowing it to go into effect automatically. This regulatory clarity has paved the way for the launch of these ETFs, despite ongoing reviews of spot XRP ETFs.

ProShares initially filed for these futures-based XRP ETFs in January 2025. The launch follows the recent conclusion of Ripple Labs’ lengthy legal dispute with the SEC, which removed significant regulatory barriers for XRP. ProShares’ move also follows the launch of Teucrium’s 2x XRP ETF which recorded over $5 million in first-day trading volumes earlier this month.

The launch of these ETFs is also significant for Ripple, the company behind XRP. The resolution of Ripple's legal battle with the SEC has cleared the way for greater acceptance of XRP and the launch of new financial services. The approval of XRP futures ETFs suggests that Wall Street is embracing Ripple's technology, potentially paving the way for future spot ETF approvals.

Investor interest in XRP has risen sharply following the resolution of Ripple’s legal issues. Experts pointed out that SEC approval for an XRP futures ETF could serve as a precursor to spot XRP ETFs. Market participants anticipate increased liquidity and investor access once spot products receive approval. XRP maintains its trading value at $2.27 while demonstrating a 9% increase for the last week.

Despite the futures ETF approvals, the SEC continues to review multiple applications for spot XRP ETFs. Firms including Grayscale, VanEck, 21Shares, Franklin Templeton and ProShares have submitted proposals. According to industry analysts, the SEC review process for spot crypto ETFs is quite standard and does not signal specific resistance. Recent legislative activity has bolstered the argument that spot XRP ETFs may one day receive the go-ahead. If approved, these spot ETFs could unlock great demand for XRP in these traditional financial markets and cement XRP’s place alongside the major digital assets.

The initial plan was to launch the ETFs on April 30, 2025, but the launch has been delayed to May 14, 2025. This delay is likely due to the need for further regulatory clarity and market preparation. The delay has not dampened investor enthusiasm, as the approval of these ETFs has already sparked a positive reaction in the market, with XRP's price experiencing a notable increase.

Investors interested in trading these ETFs will need to do so through brokers, as ProShares does not offer direct trading. Once investors have made a deposit with their chosen broker, they can search for the ETF code and start investing.

The launch of these ETFs is expected to fuel further interest in XRP and the broader cryptocurrency market. As the regulatory environment continues to evolve, more institutional investors are likely to enter the market, seeking to capitalize on the potential of digital assets. The approval of these ETFs is a step forward in providing regulated investment options for cryptocurrencies, which could lead to increased adoption and integration into traditional financial systems.