ProShares to Launch Trio of XRP Futures ETFs Following SEC Nod
ProShares is set to roll out three new exchange-traded funds (ETFs) tied to XRP futures this week, marking a significant step forward following quiet approval from the U.S. Securities and Exchange Commission (SEC).
The upcoming products include an Ultra XRP ETF offering 2x leverage, a Short XRP ETF, and an Ultra Short XRP ETF with -2x leverage, according to regulatory filings. While these futures-based ETFs are moving ahead, progress on a spot XRP ETF remains stalled. However, the SEC has formally acknowledged several spot XRP ETF proposals, with Grayscale’s application facing a key deadline on May 22.
ProShares’ greenlight comes shortly after Teucrium made headlines by launching the first U.S.-based XRP ETF—a 2x leveraged product that debuted earlier this month. That fund generated more than $5 million in trading volume on its first day, making it Teucrium’s most successful ETF launch to date.
Adding to the momentum, CME Group announced last week it would begin offering XRP futures contracts on its leading U.S. derivatives exchange starting next month. These will be listed alongside futures for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
The surge in XRP-related ETF activity follows the conclusion of Ripple’s protracted legal battle with the SEC in March. The resolution has lifted many regulatory uncertainties surrounding the token, paving the way for broader institutional participation.
