The official launch date will be April 30. The ETFs are designed for institutional and retail investors alike. They offer new ways to gain exposure to XRP without directly holding the token.
This decision follows the end of Ripple’s high-profile legal battle with the SEC. The XRP ETF case had cast a long shadow over XRP’s regulatory status.
A Trio of New XRP Funds
ProShares is bringing three leveraged and inverse XRP ETFs to the table:
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Ultra XRP ETF: Offers 2x daily exposure to XRP’s price.
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Short XRP ETF: Designed to move inversely to XRP’s price—benefiting when it falls.
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Ultra Short XRP ETF: Delivers -2x exposure, doubling down on short moves.
These crypto ETFs are aimed at sophisticated investors seeking to amplify returns or hedge positions. However, they also come with increased risk. For example, leverage works both ways—profits and losses are magnified.
ProShares isn’t the first mover, though. Earlier this month, Teucrium launched the U.S.’s first-ever XRP ETF, a 2x product that topped $5 million in trading volume on day one. The company called it its “most successful launch” to date. The success signals growing investor appetite for structured exposure to altcoins beyond Bitcoin and Ethereum.
— Cointelegraph (@Cointelegraph) April 27, 2025
More About XRP ETFs
A total of 19 XRP ETF filings have now been submitted to the SEC, marking a significant surge in interest from fund managers looking to offer XRP-based investment products.
: 19 XRP ETF FILINGS NOW SUBMITTED TO THE SEC.
YOU SHOULD FEEL CRAZY BULLISH. #XRP pic.twitter.com/jcXownvvm4
— Amonyx (@amonbuy) April 18, 2025
These filings include both leveraged and spot ETFs, with firms eager to provide investors with new ways to gain exposure to XRP. The SEC has yet to approve a spot XRP ETF, but the growing number of applications signals a shift toward broader institutional and retail access to XRP through exchange-traded funds.
Disclaimer
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