Regulators have approved the launch of XRP ETFs scheduled for April 30. These products are aimed at both institutional and retail investors.
A Trio of New XRP Funds
ProShares is launching three XRP ETFs:
* **Ultra XRP ETF**: Offers 2x daily exposure to XRP’s price. * **Short XRP ETF**: Moves inversely to XRP’s price, benefiting when it drops. * **Ultra Short XRP ETF**: Provides -2x exposure, doubling down on price declines.
These products target sophisticated investors looking to amplify returns or hedge positions.
More About XRP ETFs
A total of 19 XRP ETF filings have now been submitted to the SEC, marking a significant increase in interest from fund managers. Earlier this month, Teucrium launched the first-ever XRP ETF in the U.S., which achieved $5 million in trading volume on its first day.
Conclusion and Prospects
The SEC's approval and the upcoming launch of new XRP ETFs open new opportunities for investors. The rising number of applications reflects a growing interest in structured investment products related to XRP.
The XRP ETF is expected to make its debut on April 30, indicating the market's readiness for broader acceptance of XRP.
