The U.S. Securities and Exchange Commission (SEC) approved ProShares Trust to launch three ETF products based on XRP futures. These include the ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF.
This decision allows investors to gain price exposure through leverage or inverse methods without directly holding XRP. The SEC's approval marks a significant advancement for XRP's position in the mainstream financial market.
Following the announcement, the price of XRP increased by 3.5%. This move potentially paves the way for the launch of XRP spot ETFs in the future.