SEC Approves ProShares’ XRP Futures ETFs, Sparking Institutional Interest
In a significant development for cryptocurrency investors, the U.S. Securities and Exchange Commission (SEC) has greenlit ProShares’ XRP Futures ETFs, which are set to begin trading on April 30, according to the firm’s recent SEC filing.
ProShares had first proposed these XRP futures ETFs earlier this year. The offerings include the Ultra XRP ETF (providing 2x leverage), the Short XRP ETF (offering inverse-1x exposure), and the Ultra Short XRP ETF (offering inverse-2x exposure). These funds will track XRP’s performance via the XRP Index.
Although not the first XRP futures products on the market — Teucrium rolled out similar ETFs on April 8 — ProShares’ entry significantly strengthens momentum in this area. Additionally, ProShares has also submitted a filing for an XRP Spot ETF, which is still awaiting approval. Meanwhile, the CME Group is preparing to launch XRP futures contracts on May 19.
Understanding XRP Futures ETFs XRP futures ETFs allow investors to gain exposure to XRP’s price movements without actually owning the cryptocurrency. Unlike spot ETFs, futures-based products let investors speculate on both price increases and declines, offering greater trading flexibility.
Why This Matters The introduction of XRP Futures ETFs provides a regulated pathway for both institutional and retail investors to participate in the XRP market. With growing demand for altcoins like XRP and Solana, this move highlights the accelerating mainstream acceptance of digital assets. Following the announcement, XRP’s price surged over 6%, reaching $2.28 and outperforming other major cryptocurrencies such as Bitcoin.
How to Access ProShares’ XRP Futures ETFs Investors won’t be able to purchase these ETFs directly from ProShares. Instead, they can access them through popular brokerages and platforms like Fidelity, Robinhood, Vanguard, and TD Ameritrade. After the April 30 launch, investors can find the ETF by searching for its ticker, funding their accounts, and placing an order.
About ProShares and Ripple Founded in 2006, ProShares oversees over $70 billion in assets and specializes in crypto-related and leveraged ETFs. XRP, the token backing these ETFs, was developed by Ripple Labs, a company that recently scored a major legal win against the SEC.
