ProShares to launch three XRP futures ETFs on May 14
The post ProShares to launch three XRP futures ETFs on May 14 appeared on BitcoinEthereumNews.com.
After SEC tacit approval, ProShares will launch three XRP futures ETFs on May 14, 2025. The new Ultra, Short, and Ultra Short XRP ETFs offer leveraged and inverse XRP exposure. SEC reviews spot XRP ETF applications from Grayscale, VanEck, 21Shares, and more. Following the approval from the U.S. Securities and Exchange Commission, ProShares has confirmed the launch of three new exchange-traded funds (ETFs) based on futures of the digital asset XRP. According to a new post-effective amendment filed with the U. S. Securities and Exchange Commission (SEC), ProShares has revised the launch date of its XRP futures-based ETFs to May 14, 2025. That update corrects widespread reports that the products would go live on April 30. ProShares Introduces Ultra XRP, Short XRP and Ultra Short XRP ETFs ProShares, one of the leading issuers of leveraged and inverse ETFs, will launch the Ultra XRP ETF, the Short XRP ETF, and the Ultra Short XRP ETF. The Ultra XRP ETF will offer 2x leveraged exposure to XRP’s daily price movements. The Short XRP ETF will provide -1x inverse exposure, while the Ultra Short XRP ETF aims for -2x inverse leverage based on daily XRP price action. Related: XRP Holds $2.20 Support as April 30 Nears – ETF Buzz Fades, Traders Eye Next Move According to regulatory filings, these products were cleared through a procedural mechanism that allows approval without direct SEC reapproval if no objections arise. ProShares initially filed for these futures-based XRP ETFs in January 2025. The launch follows the recent conclusion of Ripple Labs’ lengthy legal dispute with the SEC, which removed significant regulatory barriers for XRP. ProShares’ move also follows the launch of Teucrium’s 2x XRP ETF which recorded over $5 million in first-day trading volumes earlier this month. XRP Futures Momentum Grows Amid Broader Institutional Interest The XRP…
