The U.S. Securities and Exchange Commission (SEC) has approved the launch of XRP futures exchange-traded funds (ETFs) by ProShares, marking a major moment for the XRP community just weeks after Ripple’s legal battle with the SEC officially ended.
ProShares, known for its Bitcoin-linked ETFs, plans to roll out three XRP products on April 30: the Ultra XRP ETF (which offers 2x leveraged exposure to XRP prices), the Short XRP ETF (providing -1x inverse exposure), and the Ultra Short XRP ETF (offering -2x inverse leverage). According to the filings, all three funds will track XRP prices through the XRP Index.
The approval, while limited to futures-based products, is being seen as a big step for XRP. The SEC is still reviewing several spot XRP ETF applications, with Grayscale’s filing facing a decision deadline on May 22.
The futures ETFs were first proposed by ProShares back in January 2025, shortly after Donald Trump, seen as more favorable to crypto, returned to the U.S. presidency. The timing spurred a wave of new crypto ETF proposals, with XRP getting a major push following Ripple’s court victory in March, which cleared long-standing regulatory uncertainty around the token.
ProShares’ move comes just weeks after Teucrium launched its own 2x XRP futures ETF — the first of its kind in the U.S., which pulled in more than $5 million in trading volume on its opening day, making it Teucrium’s most successful ETF launch to date.
Meanwhile, the CME Group, the largest derivatives exchange in the U.S., recently added XRP futures to its platform alongside its Bitcoin, Ethereum, and Solana products. The move reflects growing institutional interest in XRP now that regulatory questions are starting to settle.
While the market is excited about the futures ETFs, many are still watching closely for any progress on spot XRP ETFs. A full spot ETF approval would allow direct investment into XRP through traditional stock exchanges — something investors have long awaited.
For now, though, the futures market is heating up. ProShares’ XRP ETFs are set to go live on April 30, offering a new way for traders to bet both with and against XRP’s price moves.
Also Read: Brazil Becomes First Country to Launch Spot XRP ETF
