ProShares Will Launch Three XRP ETFs Based on Futures Approved by the SEC

The approval of the SEC for the three XRP ETFs by ProShares represents a significant milestone for the adoption of XRP in the U.S. financial market.

The approval by the SEC for the three XRP ETFs by ProShares is a milestone for the adoption of XRP in the U.S. financial market.

ProShares is getting the green light from the SEC for its three ETFs on XRP

ProShares, one of the leading issuers of exchange-traded funds, has received approval from the Securities and Exchange Commission (SEC) for the launch of three new ETFs based on XRP. The announcement, made public a few days ago, marks a decisive turning point for the cryptocurrency sector, after the long legal battle between Ripple and the SEC concluded in March.

The new financial instruments will be available starting from April 30 and will allow investors to position themselves both in favour of and against the trend of the XRP token, through leveraged products.

The details on the new XRP ProShares ETFs

The new ETFs that will be introduced by ProShares are:

* ProShares Short Triple ETF (NYSE: TRIX)

* ProShares Triple ETF (NYSE: TRPL)

* ProShares Ultra ETF (NYSE: UPRO)

Notably, none of the new ETFs will be directly invested in XRP. Instead, they will track the performance of futures contracts on XRP, recently announced by CME Group.

The approval for these three ETFs follows a period of intense activity in the field of cryptocurrency derivatives. Earlier this year, Teucrium successfully launched its 2x leveraged bull XRP ETF, which commenced trading on April 3 with an excellent start.

The regulatory context: from Ripple against SEC to new opportunities

The road to the approval of XRP ETFs has not been without obstacles. The legal battle between Ripple and the SEC, which lasted for years, only concluded in March, removing the main regulatory constraints that weighed on XRP.

Precisely thanks to the favorable resolution of this clash, the possibility has opened up for issuers like ProShares to introduce financial products based on XRP in the regulated American markets.

The precedent: the success of Teucrium’s 2x XRP ETF

It is worth remembering that the 2x XRP ETF by Teucrium was the first product of its kind launched in the United States at the beginning of April. The debut proved to be extremely positive: over 5 million dollars in trading volume on the first day, the best start in the history of the investment firm.

This favorable precedent strengthens expectations for the three new ProShares ETFs as well, which aim to capture the growing interest of investors towards XRP.

The expansion of XRP derivatives at CME Group

Fueling the enthusiasm for XRP is not just the launch of ETFs. The CME Group, the largest derivatives exchange in the United States, has indeed announced the addition of XRP futures to its product basket. The official launch is scheduled for next month, along with futures contracts on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

This further step consolidates the position of XRP as one of the benchmark digital assets in the world of financial derivatives.

What it means for the market: new strategies and risks

The introduction of leveraged and short ETFs on XRP offers more experienced investors advanced tools to manage highly volatile prices. However, as with all leveraged products, the risks are high: movements contrary to the expected trend can quickly amplify losses.

ProShares has designed its XRP ETFs for daily strategy, which means they are more suitable for short-term operations than for long-term investments. Investors will therefore need to pay the utmost attention to risk management and the correct use of these instruments.

Furthermore, the absence of a spot ETF XRP still partially limits direct exposure to the token itself through regulated instruments.

A look at the future of the cryptocurrency ETF market

The approval of the three XRP ETFs by the SEC opens an important breach for the future of funds based on digital assets.

Although the U.S. regulatory body, during President Trump’s administration, showed greater openness to financial innovations, several challenges still remain to be addressed, especially in the field of spot ETFs.

Currently, the market is also keenly following developments regarding the applications for spot ETFs on Bitcoin, submitted by several managers and pending approval by the SEC. Among the most anticipated decisions is that on Grayscale’s application, which is expected by May 22.

A new chapter in the integration between cryptocurrencies and the financial markets

The debut of the three ProShares XRP ETFs marks a significant step forward for the institutional adoption of digital assets.

The interest of the market and the entry of major financial institutions, like CME Group with the launch of XRP futures, are converging towards new opportunities for both traders and institutional investors seeking to diversify their portfolios.

However, it is crucial to approach this new frontier of finance with the necessary caution and to fully understand the characteristics and risks of leveraged products in a volatile market.

The stellar performance of Teucrium’s 2x XRP ETF, which started trading with more than $5 million in volume on the first day alone—the best launch