XRP Surges 2.731% as SEC Approves Futures ETFs, Institutional Adoption Grows

XRP's latest price was $2.26, up 2.731% in the last 24 hours. This surge in price comes amidst significant developments in the regulatory and institutional landscape for XRP. On April 30, the U.S. Securities and Exchange Commission (SEC) approved the launch of three XRP futures-based exchange-traded funds (ETFs) by ProShares Trust. These ETFs include the Ultra XRP ETF, which provides 2x leverage, the Short XRP ETF, which provides inverse (-1x) leverage, and the Ultra Short XRP ETF, which provides inverse (-2x) leverage. These ETFs will be the second, third, and fourth XRP-related ETFs to be launched in the U.S., following the first XRP futures ETF by Teucrium, which started trading at the New York Stock Exchange (NYSE) on April 8 and saw a positive response. These futures-based ETFs will track the price of XRP through the XRP Index, allowing investors to place bets on XRP’s price without holding the token itself. ProShares’ separate application for spot XRP ETFs is still pending with the SEC, while the first spot XRP ETF by Hashdex started trading in Brazil earlier in the week. The launch of these XRP futures ETFs is significant as it offers a regulated way to profit from the price movement of XRP, potentially opening the doors for institutional interest.

In a significant development for institutional adoption of XRP, Digital Commodities Capital Corp., a publicly traded company, officially confirmed holding XRP in its corporate treasury. This marks the first public disclosure of XRP holdings by a listed firm, signaling a shift in how institutional players position XRP. The company currently holds 103,000 XRP and is exploring further exposure to Ripple-affiliated assets and technologies. This announcement follows the March 24, 2025, settlement between Ripple Labs and the U.S. Securities and Exchange Commission, which ended a years-long legal dispute. Digital Commodities Capital described the settlement as a pivotal moment that delivered long-awaited regulatory clarity to the digital asset space, enabling more balanced engagement between innovators and regulators. The company’s CEO, Brayden Sutton, stated that they believe in the future of compliant, utility-based digital assets and identified XRP as a prime example. The confirmed holdings are part of a broader strategy to build long-term value through diversified digital assets. This move is seen as a clear sign that XRP is being taken seriously by strategic capital allocators, not just as a speculative asset, but as part of long-term institutional investment theses. This precedent could influence other publicly traded entities to disclose their XRP positions or consider adding the asset to their portfolios, marking a new phase where XRP’s role in digital finance is acknowledged by formal institutions operating under public market oversight.