ProShares is launching three futures-based XRP ETFs on April 30. ProShares acquired silent approval from the Securities and Trade Fee (SEC) earlier than continuing with the ETFs. The XRP ETFs are futures-based fairly than spot as a result of the latter, which requires precise crypto holdings, requires extra regulatory approval. The three ETFs embrace the Extremely XRP ETF (2x leverage), the Brief XRP ETF, and the Extremely Brief XRP ETF (-2x leverage). The SEC gave silent approval for the ETFs as a result of it didn’t make any objections. A futures ETF merely tracks the worth of an asset with out having a one-to-one backing of the particular asset.

The XRP ETFs enable buyers to each leverage and brief the XRP worth. These are very handy choices to have as a dealer, permitting retail speculators to brief the XRP worth while not having a sophisticated futures platform. Though XRP ETFs are futures-based, that means precise XRP doesn’t again their worth, plans are in place to introduce spot-based XRP ETFs quickly. ProShares initially introduced the ETFs in January and acquired tacit approval from the SEC, which didn’t object to the futures market throughout the allotted time. CME Group additionally introduced that it could launch XRP futures on its platform and add them to its rising checklist of crypto exchange-traded funds (ETFs), which already embrace Bitcoin, Ethereum, and Solana.

XRP spot-based ETFs, in the meantime, are nonetheless awaiting approval from the SEC. ProShares has an XRP spot ETF ready for approval, together with different firms, together with Bitwise, 21Shares, and Grayscale. With the most recent announcement of three ProShares XRP ETFs, there are actually 4 XRP monitoring ETFs in America. The primary firm to checklist an XRP ETF was Teucrium Funding Advisors, a agency based mostly in Vermont. 

Polymarket, in the meantime, has elevated the chances of an XRP spot ETF approval in December 2025, with odds rising from 68% to 78%. This variation is probably going influenced by the announcement of ProShares’ futures exchange-traded funds (ETFs). Polymarket permits contributors to commerce on varied future occasions, thus making a helpful prediction market to analyse world occasions. The SEC and Ripple have lately settled their lawsuits, offering some stimulus for prediction market bets on the spot-based ETF. Nonetheless, making a spot-based ETF for a sophisticated crypto market like Ripple proves to be a sophisticated course of for regulators.

ProShares additionally has an Ethereum futures-based ETF known as ProShares Ether Technique ETF, which was launched in 2023. There exists a wave of curiosity in XRP from institutional buyers. Quite a few firms, together with Bitwise and 21Shares, have utilized for a spot-based XRP exchange-traded fund (ETF). Curiosity in XRP has elevated following the SEC’s settlement with Ripple Labs. XRP is the fourth-largest crypto with a market cap of $133 billion, and a worth improve of about 480% over the previous month.

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