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ProShares is set to launch three new XRP futures-based ETFs on April 30 after receiving quiet approval from the SEC. The new products include an Ultra XRP ETF with 2x leverage a Short XRP ETF and an Ultra Short XRP ETF with -2x leverage giving investors different ways to bet on XRP price movements.
This marks a major win for the crypto industry as these ETFs will become the second third and fourth XRP funds available in the US market. ProShares is also awaiting approval for its spot XRP ETF alongside applications from Grayscale 21Shares and Bitwise showing strong institutional interest.
Earlier this month Teucrium launched the first XRP futures ETF further boosting XRP’s presence in traditional finance. The move follows CME Group’s decision to add XRP futures to its massive derivatives exchange which already hosts major assets like Bitcoin Ethereum and Solana.
