Anticipated Launch Timeline for ProShares' 3X Ripple ETFs

Ready for Some XRP Action? ProShares Unveils Derivatives-Based ETFs

buckle up, folks! Here's the lowdown on ProShares' latest offering – a trio of XRP exchange-traded funds (ETFs) set to debut on April 30, 2025. But hold your horses, these aren't your typical XRP ETFs. They'll rely on derivatives instead of directly holding the cryptocurrency, a move that has sparked curiosity among analysts.

"This ain't your average spot XRP ETF," noted ETF expert Nate Geraci, explaining the twist. Instead, these products will offer leveraged and inverse XRP exposure through derivatives. Confused? Here's the breakdown:

The Ultra XRP ETF will come with a 2x leverage on daily XRP future prices.
The Short XRP ETF will provide investors an opportunity to profit from XRP's price decline, offering inverse exposure.
The Ultra Short XRP ETF will nearly double the inverse (-2x) of the cryptocurrency's daily performance.

ProShares' move to launch leveraged ETFs before a spot XRP ETF is unusual, as most crypto ETFs, such as Bitcoin and Ethereum funds, typically follow the opposite trajectory. Geraci, a perplexed X-poster, asked, "Now, why is this happening before a spot?"

Insiders suggest that this might be due to the SEC's increased comfort levels with derivatives-based exposure rather than direct custody of crypto assets. In early April, Vermont-based Teucrium's 2x Long Daily XRP ETF (XXRP) became the first leveraged XRP product, setting the stage for ProShares' latest venture.

The SEC's decision also comes just weeks after the regulator settled its long-running lawsuit against Ripple Labs, clearing a significant regulatory hurdle for the cryptocurrency.

Arthur, an XRP-focused commentator on X, hailed the development as a "historic milestone" for XRP's integration into mainstream finance. With ProShares' entry, the stage is set for banks, institutional investors, and retail traders to easily access XRP.

XRP surged 4.6% in the last 24 hours, trading around $2.28 after a range of $2.17 to $2.29. Over the past week, it had gained 7.4%, slightly underperforming the broader crypto market's 8.2% increase. Over the last 30 days, it recorded a 5% uptick, continuing a broader trend that has seen it surge more than 335% over the last year.

Game on!

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*The U.S. Securities and Exchange Commission (SEC) has recently approved leveraged and inverse XRP ETFs by ProShares, which provide exposure to the price movements of XRP using derivatives instead of directly holding the cryptocurrency. The move is somewhat unusual, as most crypto ETFs follow the opposite trajectory, with spot ETFs coming before leveraged products. This sequence of approvals could be due to several factors:

Greater regulatory comfort with derivatives-based exposure.
Smoother approval process as leveraged ETFs can be filed under existing mutual fund regulations.
A way for the SEC to test market interest and investor behavior without fully committing to direct ownership of cryptocurrencies.
Ongoing regulatory discussions and assessments regarding broader cryptocurrency regulatory frameworks and the need for clearer guidelines on custody, market integrity, and investor protection.*

Buckle up, as ProShares prepares to debut three derivatives-based XRP ETFs on April 30, 2025, aiming to enable banks, institutional investors, and retail traders to easily access XRP.
The Ultra XRP ETF offers a 2x leverage on daily XRP future prices, while the Short XRP ETF provides investors an opportunity to profit from XRP's price decline with inverse exposure.
The Ultra Short XRP ETF nearly doubles the inverse (-2x) of the cryptocurrency's daily performance, making it an intriguing choice for those anticipating a downturn in XRP values.
Nate Geraci, an ETF expert, expressed curiosity about ProShares' decision to launch leveraged ETFs before a spot XRP ETF, asking, "Now, why is this happening before a spot?"
The SEC's increased comfort levels with derivatives-based exposure and the recent settlement of their long-running lawsuit against Ripple Labs could be influential factors in this sequence of approvals.
With ProShares' entry, ARTHUR, an XRP commentator on X, hailed the development as a "historic milestone" for XRP's integration into mainstream finance.

Join the cryptocurrency revolution here and bid for XRP like a boss!Binance - Exclusive $600 bonus for new usersBybit - $500 free position on any coin