ProShares推出XRP期货ETF，现场ETF批准可能会遵循

在加密货币领域的重大发展中，美国证券交易委员会（美国SEC）批准了Proshares启动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.

美国证券交易委员会已批准Proshares启动XRP期货交易所交易的资金，交易定于2025年4月30日开始。

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.

这是加密货币行业的重大发展，它可以预示XRP投资者的新时代，并且在美国对数字资产的监管思维中的更大转变。

What Is XRP?

什么是XRP？

什么是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创建的数字令牌，Ripple Labs是一家致力于彻底改变跨境支付的公司。 Ripple的网络旨在连接国际银行，促进即时汇款，而无需典型的Swift系统效率低下。

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是该网络中的桥梁货币，实现了快速，低成本的交易。使用XRP的单个跨境转移的费用仅为一分之一，展示了其在现实世界金融生态系统中的效用。

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于2020年发起的SEC的漫长法律斗争是影响XRP价格的重要因素。但是，在唐纳德·特朗普（Donald Trump）总统的领导下，对加密友好的政治气氛以及最近的潜在和解迹象极大地改善了对XRP的情绪。

ProShares’ XRP Futures ETFs

ProShares的XRP期货ETFS

ProShares的XRP期货ETFS

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

今年早些时候，以其比特币期货ETF（BITO）而闻名的Proshares提出了与XRP相关的三个ETF：

1. Ultra XRP ETF (2x leveraged)

1。Ultra XRP ETF（杠杆2倍）

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

2。短XRP ETF（逆-1x杠杆）

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

3。超短XRP ETF（违反-2X杠杆）

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.

这些期货ETF将根据XRP指数跟踪XRP价格，使投资者可以推测令牌的价格变动而无需直接所有权。这与斑点ETF形成鲜明对比，这需要基金持有基础资产。

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将投资XRP期货合约，掉期和现金余额（包括美国国债）的结合。这为投资者提供了一个受监管的途径，以便在减轻直接接触风险的同时，参与XRP的价格趋势。

Why This Approval Matters

为什么这个批准很重要

为什么这个批准很重要

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

Proshares的XRP期货ETF的批准至关重要，原因有几个：

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

1。它表示XRP作为受监管的美国金融市场中公认的资产类别的接受程度不断增加。

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。此举可能会在XRP中解锁大量的机构资本利益，类似于引入比特币和以太坊ETF之后的模式。

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。由于公告的结果，XRP价格在4月28日早期交易中飙升了6％至2.28美元，每日交易量飙升超过53％。

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

相比之下，比特币和其他主要加密货币在同一时期的价格下降，强调了XRP的相对强度。

Ripple’s Legal Saga and Future Prospects

Ripple的法律传奇和未来的前景

Ripple的法律传奇和未来的前景

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.

这些事态发展是在Ripple与SEC进行的法律斗争的背景下展开的。但是，最近的报告表明，双方达成了解决此案的协议。

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.

作为和解的一部分，Ripple将支付先前托管的1.25亿美元罚款中的5000万美元，而SEC将撤回其有关“ XRP的程序销售”裁决的上诉。此外，Analisa Torres法官可以将XRP出售给机构投资者的禁令。

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

如果最终确定，该和解可以消除XRP价格恢复的重大障碍，并进一步提高其市场信誉。

Implications for XRP Spot ETFs

对XRP Spot ETF的影响

对XRP Spot ETF的影响

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还申请了现场XRP ETF，该XRP ETF仍在待定的SEC批准。现场ETF将涉及持有实际的XRP代币而不是期货合约，为投资者提供更直接的曝光选择。

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.

考虑到巴西最近看到了Hashdex的世界第一名XRP ETF，一旦一个主要市场打开了大门，其他人则倾向于随之而来的是Proshares Futures ETF的认可可能是ETF市场快速发展的跳板。

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目前将在2025年12月的美国XRP SPOT ETF批准的几率上占78％，高于本月初的68％。

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

同时，彭博情报ETF分析师詹姆斯·塞夫特（James Seyffart）对最终批准仍然充满信心，并预测了2025年10月的最终决定。

XRP Price Outlook

XRP价格前景

XRP价格前景

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

在SEC宣布和更广泛的市场热情之后，以下是XRP价格行动的快照：

* Current Price: $2.2335

*当前价格：$ 2.2335

* Market Cap: $136 billion

*市值：1360亿美元

* 52-Week Range: $0.39 to $3.38

* 52周范围：$ 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目前正在合并高于2.10美元的关键支持水平，预计电阻为2.22美元。超过2.40美元的决定性突破可能会为先前的高点重新测试奠定基础，并最终有3.5505美元的历史高点。

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

但是，仍然存在下行风险，尤其是如果波纹 - 塞克结算面对延误或宏观经济状况恶化