US SEC Approves ProShares XRP Futures ETFs Launch
- The US SEC approved ProShares’ XRP Futures ETFs.
- This move boosts institutional interest in XRP.
In a major boost for crypto investors, the United States Securities and Exchange Commission ( SEC) has officially approved ProShares’ launch of XRP Futures ETFs. These ETFs will go live on April 30, according to the company’s latest SEC filing.
ProShares initially proposed the XRP futures ETFs earlier this year. Their offerings include the Ultra XRP ETF (2x leverage), the Short XRP ETF (inverse-1x leverage), and the Ultra Short XRP ETF (inverse-2x leverage). These ETFs will track the price of XRP based on the XRP Index.
Although these are not the first XRP futures ETFs, Teucrium launched similar products on April 8. ProShares’ move adds significant momentum. Additionally, ProShares has applied for an XRP Spot ETF, which is currently pending approval. Meanwhile, the CME Group also plans to launch XRP futures contracts on May 19.
How Do XRP Futures ETFs Work?
Futures ETFs provide exposure to the price movements of XRP without the direct purchase of the token. Futures ETFs, unlike spot ETFs, enable investors to take a view on both increasing and decreasing prices and enjoy flexible trading opportunities.
Why Is This Important?
The launch of XRP Futures ETFs offers a regulated method for institutional and retail investors to access XRP markets. As investor demand for altcoins such as XRP and Solana continues to rise, the move reflects increased mainstream adoption. After the announcement, the price of XRP jumped more than 6% to $2.28, beating out major cryptocurrencies such as Bitcoin.
How to Buy ProShares XRP Futures ETFs
Investors cannot buy directly from ProShares. Instead, they can access these ETFs via trading platforms and brokerages such as Fidelity, Robinhood, Vanguard, and TD Ameritrade. After the April 30 listing, one can search for the ETF code, depo sit funds, and place order.
About ProShares and Ripple
Founded in 2006, ProShares manages over $70 billion in assets and specialises in crypto-linked and leveraged ETFs. XRP, the token behind these ETFs, was created by Ripple Labs, a company recently victorious over the SEC in a long-running legal battle.
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US SEC Approves ProShares XRP Futures ETFs Launch
- The US SEC approved ProShares’ XRP Futures ETFs.
- This move boosts institutional interest in XRP.
In a major boost for crypto investors, the United States Securities and Exchange Commission ( SEC) has officially approved ProShares’ launch of XRP Futures ETFs. These ETFs will go live on April 30, according to the company’s latest SEC filing.
ProShares initially proposed the XRP futures ETFs earlier this year. Their offerings include the Ultra XRP ETF (2x leverage), the Short XRP ETF (inverse-1x leverage), and the Ultra Short XRP ETF (inverse-2x leverage). These ETFs will track the price of XRP based on the XRP Index.
Although these are not the first XRP futures ETFs, Teucrium launched similar products on April 8. ProShares’ move adds significant momentum. Additionally, ProShares has applied for an XRP Spot ETF, which is currently pending approval. Meanwhile, the CME Group also plans to launch XRP futures contracts on May 19.
How Do XRP Futures ETFs Work?
Futures ETFs provide exposure to the price movements of XRP without the direct purchase of the token. Futures ETFs, unlike spot ETFs, enable investors to take a view on both increasing and decreasing prices and enjoy flexible trading opportunities.
Why Is This Important?
The launch of XRP Futures ETFs offers a regulated method for institutional and retail investors to access XRP markets. As investor demand for altcoins such as XRP and Solana continues to rise, the move reflects increased mainstream adoption. After the announcement, the price of XRP jumped more than 6% to $2.28, beating out major cryptocurrencies such as Bitcoin.
How to Buy ProShares XRP Futures ETFs
Investors cannot buy directly from ProShares. Instead, they can access these ETFs via trading platforms and brokerages such as Fidelity, Robinhood, Vanguard, and TD Ameritrade. After the April 30 listing, one can search for the ETF code, depo sit funds, and place order.
About ProShares and Ripple
Founded in 2006, ProShares manages over $70 billion in assets and specialises in crypto-linked and leveraged ETFs. XRP, the token behind these ETFs, was created by Ripple Labs, a company recently victorious over the SEC in a long-running legal battle.
Highlighted Crypto News Today:
Will XRP Hit $3 Soon? Bulls Could Be Key to Reaching the Peak
Read More