The U.S. Securities and Exchange Commission (SEC) has approved the launch of three XRP exchange-traded funds (ETFs) from ProShares, setting a public offering date of April 30, 2025.<\/p>\n
However, unlike a spot ETF, which would hold XRP directly, ProShares\u2019 offerings will provide exposure through derivatives, a structure that has raised eyebrows among analysts.<\/p>\n
\u201cThis is NOT a spot XRP ETF,\u201d noted ETF expert Nate Geraci in a post<\/a> on X. \u201cIt will actually be several leveraged and inverse ETFs obtaining XRP exposure via derivatives.\u201d<\/p>\n The products include the Ultra XRP ETF, offering a 2x leverage on the daily returns of XRP future prices, the Short XRP ETF, offering inverse exposure, which will enable investors to profit from XRP\u2019s price decline, and the Ultra Short XRP ETF, providing nearly twice the inverse (-2x) of the cryptocurrency\u2019s daily performance.<\/p>\n The SEC\u2019s decision to permit leveraged products before a spot ETF is unusual, as most crypto ETFs, including Bitcoin and Ethereum funds, followed the opposite trajectory. \u201cNow, why are these being allowed before spot?\u201d asked a perplexed Geraci.<\/p>\n Earlier this month, the regulator authorized<\/a> the first-ever leveraged XRP product: Vermont-based Teucrium\u2019s 2x Long Daily XRP ETF (XXRP), trading on NYSE Arca. Some market watchers have speculated that this sequence of events, first, Teucrium\u2019s XXRP and now ProShares\u2019 XRP ETF, could be a sign that the financial markets watchdog might be more comfortable signing off on derivatives-based exposure instead of direct custody of crypto assets.<\/p>\n \u201cIt might relate to regulatory comfort levels with derivatives versus holding the underlying asset directly,\u201d said a user on X, answering Geraci\u2019s question. \u201cOr perhaps the demand for leveraged products is being tested before a spot ETF is considered.\u201d<\/p>\n The approval also comes just weeks after the SEC settled<\/a> its high-profile lawsuit against Ripple Labs, the company behind the token. The case dragged on for years and ended with a $50 million fine, far less than the SEC\u2019s original demands, effectively clearing a major regulatory hurdle for the cryptocurrency.<\/p>\n ProShares, which manages over $60 billion in assets, is no stranger to crypto-based financial products, having made history in 2021 when it launched the first Bitcoin futures ETF (BITO). Its entry into the XRP space brings considerable clout and credibility.<\/p>\n Arthur, an XRP-focused commentator on X, called it\u00a0a \u201chistoric milestone\u201d for XRP\u2019s integration into mainstream finance, opening the doors for easier access by banks, institutional investors, as well as retail traders.<\/p>\n \u201cXRP is entering the big leagues,\u201d he claimed<\/a>, ticking off the various benefits that should come with the ETF, including regulatory validation and the possibility of \u201cmassive capital inflows.\u201d<\/p>\n Meanwhile, in the markets, the token climbed 4.6% in the last 24 hours and is currently trading around $2.28 after ranging between $2.17 and $2.29. Zooming out to a weekly view, it gained 7.4%, slightly underperforming the rest of the crypto market\u2019s 8.2% rise in that period.<\/p>\n Additionally, XRP registered a 5% uptick across the previous 30 days, continuing a broader trend that has seen it surge more than 335% over the last year.<\/p>\n The post Here\u2019s When ProShares\u2019 3 XRP ETFs Will Go Live<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The U.S. Securities and Exchange Commission (SEC) has approved the launch of three XRP exchange-traded funds (ETFs) from ProShares, setting a public offering date of April 30, 2025. However, unlike a spot ETF, which would hold XRP directly, ProShares\u2019 offerings will provide exposure through derivatives, a structure that has raised eyebrows among analysts. \u201cThis is […]<\/p>\n","protected":false},"author":0,"featured_media":62635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-62634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/62634"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62634"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/62634\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/62635"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Still No Spot XRP ETF<\/h2>\n
Historic Milestone<\/h2>\n