- ProShares will launch three new XRP-tracked ETFs this week, including an Ultra XRP (2x leverage), a Short XRP, and an Ultra Short XRP (-2x leverage) product, though its spot XRP ETF is still pending.
- The move follows Teucrium’s successful 2x XRP ETF launch and CME Group’s addition of XRP futures, signaling growing institutional interest in XRP after Ripple’s court victory against the SEC.
- With regulatory hurdles cleared, XRP is now seeing a surge in ETF products and broader market adoption, positioning it for a stronger presence in both retail and institutional markets.
Looks like XRP’s getting some serious ETF action
ProShares, a major player in the exchange-traded fund (ETF) game, is about to roll out three XRP-tracked products this week — following what seems like a quiet green light from the U.S. Securities and Exchange Commission (SEC).
What’s Coming: Ultra, Short, and Ultra Short XRP ETFs
According to the latest filings, ProShares is dropping a trio of XRP ETFs:
- Ultra XRP ETF (2x leverage)
- Short XRP ETF
- Ultra Short XRP ETF (-2x leverage)
So whether you wanna ride the highs or bet on a dip, looks like ProShares is setting up both lanes for investors.
That said — no movement yet on their spot XRP ETF plan. For now, that’s still stuck in limbo.
Meanwhile, the SEC has been busy reviewing other XRP spot ETF applications too, including one from fund manager Grayscale, which is facing a big decision deadline coming up on May 22.
Ripple Effect: More Players Jumping In
ProShares isn’t the first one out the gate. Just a few weeks back, Teucrium launched the first-ever 2x XRP ETF in the U.S., and it absolutely crushed it — pulling in over $5 million in trading volume on day one. Teucrium even called it their “most successful” ETF launch yet. Not bad at all.
And that’s not the only big news. CME Group — yeah, the biggest derivatives exchange in the U.S. — just added XRP futures to its lineup too. The launch, set for next month, will roll out alongside BTC, ETH, and SOL futures.
A Big Win After a Long Fight
All this XRP ETF hype? It didn’t come outta nowhere.
Ripple — the company closely tied to XRP — finally wrapped up its long-running court battle with the SEC back in March. That win cleared a massive regulatory roadblock, opening the doors for XRP to get a ton more institutional love.
With the legal cloud lifted and products rolling out fast, XRP might just be stepping into a whole new chapter.
