ProShares Trust has officially announced the launch of three new XRP ETFs scheduled for April 30, 2025, following the SEC's approval of this initiative.
New XRP ETFs from ProShares
The Securities and Exchange Commission (SEC) has accepted registration updates for XRP-focused ETFs from ProShares Trust. The newly filed Form N-1A sets April 30, 2025, as the effective date for these offerings, marking a key moment for cryptocurrency investment products in regulated markets.
Structure of the New Funds
The new funds are designed to offer leveraged and inverse exposure to XRP’s price movements. They will not directly track the spot price of XRP, which remains a separate regulatory issue. The ETFs are structured under a mutual fund format and registered under both the Securities Act and the Investment Company Act.
Market Prospects for Cryptocurrency
While ProShares' ETFs do not offer direct exposure to the underlying asset like spot ETFs, they provide new options for investors. The April 30 launch is closely watched by market participants anticipating an expansion of cryptocurrency investment choices within U.S. regulations.
The launch of ProShares' ETFs demonstrates developments in the cryptocurrency market and may attract increased interest from investors in regulated investment products.
