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 by the SEC is seen as a potential precursor to the launch of XRP spot ETFs in the future, which would be another major milestone following the approvals of Bitcoin and Ethereum spot ETFs. The news of the approval led to a 3.5% increase in the price of XRP, indicating strong market enthusiasm.

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Ask Aime: "SEC approves ProShares XRP ETF, boosting XRP in financial markets."

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