ProShares推出XRP期貨ETF，現場ETF批准可能會遵循

在加密貨幣領域的重大發展中，美國證券交易委員會（美國SEC）批准了Proshares啟動XRP Futures

The U.S. Securities and Exchange Commission has approved ProShares to launch XRP futures exchange-traded funds, with trading set to begin on April 30, 2025.

美國證券交易委員會已批准Proshares啟動XRP期貨交易所交易的資金，交易定於2025年4月30日開始。

This is a major development for the cryptocurrency sector, and it could herald a new era for XRP investors and broader shifts in U.S. regulatory thinking on digital assets.

這是加密貨幣行業的重大發展，它可以預示XRP投資者的新時代，並且在美國對數字資產的監管思維中的更大轉變。

What Is XRP?

什麼是XRP？

什麼是XRP？

XRP is a digital token created by Ripple Labs, a company focused on revolutionizing cross-border payments. Ripple’s network aims to connect international banks, facilitating instant money transfers without the typical SWIFT system inefficiencies.

XRP是由Ripple Labs創建的數字令牌，Ripple Labs是一家致力於徹底改變跨境支付的公司。 Ripple的網絡旨在連接國際銀行，促進即時匯款，而無需典型的Swift系統效率低下。

XRP serves as a bridge currency in this network, enabling rapid, low-cost transactions. A single cross-border transfer using XRP costs just a fraction of a cent, showcasing its utility in real-world financial ecosystems.

XRP是該網絡中的橋樑貨幣，實現了快速，低成本的交易。使用XRP的單個跨境轉移的費用僅為一分之一，展示了其在現實世界金融生態系統中的效用。

Ripple’s lengthy legal battle with the SEC, initiated in 2020, has been a significant factor influencing XRP’s price. However, a more crypto-friendly political climate under President Donald Trump and recent signs of a potential settlement have drastically improved sentiment toward XRP.

Ripple於2020年發起的SEC的漫長法律鬥爭是影響XRP價格的重要因素。但是，在唐納德·特朗普（Donald Trump）總統的領導下，對加密友好的政治氣氛以及最近的潛在和解跡像極大地改善了對XRP的情緒。

ProShares’ XRP Futures ETFs

ProShares的XRP期貨ETFS

ProShares的XRP期貨ETFS

Earlier this year, ProShares, already known for its Bitcoin Futures ETF (BITO), proposed three ETFs linked to XRP:

今年早些時候，以其比特幣期貨ETF（BITO）而聞名的Proshares提出了與XRP相關的三個ETF：

1. Ultra XRP ETF (2x leveraged)

1。 Ultra XRP ETF（槓桿2倍）

2. Short XRP ETF (inverse -1x leveraged)

2。短XRP ETF（逆-1x槓桿）

3. UltraShort XRP ETF (inverse -2x leveraged)

3。超短XRP ETF（違反-2X槓桿）

These futures ETFs will track XRP prices based on the XRP Index, allowing investors to speculate on the token’s price movements without direct ownership. This contrasts with spot ETFs, which require the fund to hold the underlying asset.

這些期貨ETF將根據XRP指數跟踪XRP價格，使投資者可以推測令牌的價格變動而無需直接所有權。這與斑點ETF形成鮮明對比，這需要基金持有基礎資產。

The ETFs will invest in a combination of XRP futures contracts, swaps, and cash balances in money market instruments, including U.S. Treasuries. This provides a regulated avenue for investors to participate in XRP's price trends while mitigating direct exposure risks.

ETF將投資XRP期貨合約，掉期和現金餘額（包括美國國債）的結合。這為投資者提供了一個受監管的途徑，以便在減輕直接接觸風險的同時，參與XRP的價格趨勢。

Why This Approval Matters

為什麼這個批准很重要

為什麼這個批准很重要

The approval of ProShares’ XRP futures ETFs is pivotal for several reasons:

Proshares的XRP期貨ETF的批准至關重要，原因有幾個：

1. It signifies the increasing acceptance of XRP as a recognized asset class within regulated U.S. financial markets.

1。它表示XRP作為受監管的美國金融市場中公認的資產類別的接受程度不斷增加。

2. This move could unlock substantial institutional capital interest in XRP, similar to the patterns seen after the introduction of Bitcoin and Ethereum ETFs.

2。此舉可能會在XRP中解鎖大量的機構資本利益，類似於引入比特幣和以太坊ETF之後的模式。

3. As a result of the announcement, XRP prices have reacted positively, surging over 6% to $2.28 in early trading on April 28, with daily trading volume soaring by more than 53%.

3。由於公告的結果，XRP價格在4月28日早期交易中飆升了6％至2.28美元，每日交易量飆升超過53％。

In contrast, Bitcoin and other major cryptocurrencies experienced price declines during the same period, highlighting XRP’s relative strength.

相比之下，比特幣和其他主要加密貨幣在同一時期的價格下降，強調了XRP的相對強度。

Ripple’s Legal Saga and Future Prospects

Ripple的法律傳奇和未來的前景

Ripple的法律傳奇和未來的前景

These developments unfold against the backdrop of Ripple’s ongoing legal battle with the SEC. However, recent reports suggest that the two parties have reached an agreement to settle the case.

這些事態發展是在Ripple與SEC進行的法律鬥爭的背景下展開的。但是，最近的報告表明，雙方達成了解決此案的協議。

As part of the settlement, Ripple will pay $50 million of a previously escrowed $125 million penalty, and the SEC will withdraw its appeal regarding the “Programmatic Sales of XRP” ruling. Additionally, Judge Analisa Torres may lift the injunction on selling XRP to institutional investors.

作為和解的一部分，Ripple將支付先前託管的1.25億美元罰款中的5000萬美元，而SEC將撤回其有關“ XRP的程序銷售”裁決的上訴。此外，Analisa Torres法官可以將XRP出售給機構投資者的禁令。

If finalized, this settlement could remove a major impediment to XRP’s price recovery and further boost its market credibility.

如果最終確定，該和解可以消除XRP價格恢復的重大障礙，並進一步提高其市場信譽。

Implications for XRP Spot ETFs

對XRP Spot ETF的影響

對XRP Spot ETF的影響

ProShares has also filed for a spot XRP ETF, which is still pending SEC approval. A spot ETF would involve holding actual XRP tokens rather than futures contracts, offering a more direct exposure option to investors.

Proshares還申請了現場XRP ETF，該XRP ETF仍在待定的SEC批准。現場ETF將涉及持有實際的XRP代幣而不是期貨合約，為投資者提供更直接的曝光選擇。

Considering that Brazil recently saw the launch of the world’s first spot XRP ETF by Hashdex, and once one major market opens the door, others tend to follow, the approval of ProShares’ futures ETFs could be a springboard for rapid development in the ETF market.

考慮到巴西最近看到了Hashdex的世界第一名XRP ETF，一旦一個主要市場打開了大門，其他人則傾向於隨之而來的是Proshares Futures ETF的認可可能是ETF市場快速發展的跳板。

Betting platform Polymarket currently places the odds of a U.S. XRP-spot ETF approval by December 2025 at 78%, up from 68% earlier this month.

博彩平台Polmoarket目前將在2025年12月的美國XRP SPOT ETF批准的機率上佔78％，高於本月初的68％。

Meanwhile, Bloomberg Intelligence ETF analyst James Seyffart remains highly confident in an eventual approval, predicting final decisions by October 2025.

同時，彭博情報ETF分析師詹姆斯·塞夫特（James Seyffart）對最終批准仍然充滿信心，並預測了2025年10月的最終決定。

XRP Price Outlook

XRP價格前景

XRP價格前景

Following the SEC’s announcement and broader market enthusiasm, here's a snapshot of XRP's price action:

在SEC宣布和更廣泛的市場熱情之後，以下是XRP價格行動的快照：

* Current Price: $2.2335

*當前價格：$ 2.2335

* Market Cap: $136 billion

*市值：1360億美元

* 52-Week Range: $0.39 to $3.38

* 52週範圍：$ 0.39至$ 3.38

XRP is currently consolidating above key support levels around $2.10, with resistance anticipated at the $2.22 level. A decisive breakout above $2.40 could set the stage for a retest of previous highs at $3.3999 and eventually its all-time high of $3.5505.

XRP目前正在合併高於2.10美元的關鍵支持水平，預計電阻為2.22美元。超過2.40美元的決定性突破可能會為先前的高點重新測試奠定基礎，並最終有3.5505美元的歷史高點。

However, downside risks remain, especially if the Ripple-SEC settlement faces delays or macroeconomic conditions worsen

但是，仍然存在下行風險，尤其是如果波紋 - 塞克結算面對延誤或宏觀經濟狀況惡化