ProShares Set to Launch Three New XRP ETFs on 30 April Following SEC Approval

As reported in a new filing by the US Securities and Exchange Commission (SEC), ProShares has been granted permission to introduce three fresh ETFs linked to Ripple (XRP).

ProShares, an issuer of exchange-traded funds (ETFs) based in the US, plans to roll out three XRP futures-based ETFs on April 30, 2025. This approval comes shortly after Resolution of Ripple’s extended legal proceedings with the SEC.

SEC OKAYS APRIL 30 RELEASE FOR PROSHARES TRUST’S $XRP FUTURES ETF

POSITIVE OUTLOOK FOR XRP AND ALTCOINS pic.twitter.com/uhRXJUUM8g

— Ash Crypto (@Ashcryptoreal) April 27, 2025

It’s worth mentioning that the new ETFs will be futures contracts rather than spot offerings. The three upcoming funds tied to the XRP Index include –

• Ultra XRP ETF: Provides 2x leveraged exposure to XRP’s daily price fluctuations 
• Short XRP ETF: Offers -1x inverse exposure
• Ultra Short XRP ETF: Delivers -2x inverse leverage

Recently, the Chicago-based financial services firm – CME Group, which manages financial derivatives exchanges like the Chicago Mercantile Trading network, Chicago Board of Trade, New York Mercantile Trading protocol, and The Commodity Trading network, announced the addition of XRP futures to its exchange, set to debut next month.

Experts and enthusiasts in the crypto sector have expressed positive sentiments following the launch of XRP futures.

“The SEC has just approved an XRP Futures ETF — marking the first major shift. A Spot XRP ETF could follow, unleashing actual demand and driving prices up. Over $100 billion could soon flow into XRP… stay ahead,” remarked Armando Pantoja, who has been investing in crypto since 2011.

The SEC has just approved an $XRP Futures ETF — the first major shift.

A Spot XRP ETF could follow, unleashing real demand and sending prices soaring.

Over $100 billion could soon flow into XRP… stay ahead. $XRP pic.twitter.com/MVYiS9lTAY

— Armando Pantoja (@_TallGuyTycoon) April 27, 2025

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SEC Reviewing Applications For Spot XRP ETFs; Grayscale’s Decision Deadline Set For May 2025

With ProShares’ XRP futures ETFs set to launch on April 30, attention is now directed toward the SEC’s upcoming rulings concerning spot XRP ETFs.

A go-ahead for spot products would signify an even more substantial achievement? Absolutely.

Meanwhile, major firms are seeking approval. Grayscale, VanEck, 21Shares, Franklin, and several others are filing for Ripple ETFs, with firm deadlines ranging from April to October 2025.

Rumor has it that Wall Street is not “ignoring” XRP. It’s gearing up for launch.

#XRP ETF DEADLINES ARE APPROACHING

Big players are lining up:
Grayscale, VanEck, 21Shares, Franklin, ProShares, and more…
All aiming for XRP ETFs with deadlines from April to October 2025.

Wall Street is not “ignoring” $XRP, they’re getting ready for its launch.#XRP #ETF #Ripple pic.twitter.com/I9SbfOybre

— XRP_Consultant (@XRP_Consultant) April 22, 2025

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The article ProShares To Launch Three New XRP ETFs On 30 April Following SEC Approval was first published on 99Bitcoins.