SEC Approves XRP ETFs: Launches April 30
The U.S. Securities and Exchange Commission (SEC) has officially approved the launch of several XRP-based ETFs, marking a major shift in the regulator's stance on this cryptocurrency. Developed by ProShares, the new products will become available on the market starting April 30, offering investors exposure to XRP without the need to directly hold the digital asset.
The three proposed ETFs include long positions (Ultra XRP – 2x) as well as inverse exposure (Short XRP and Ultra Short XRP – -2x). This structure is designed for advanced investors aiming to hedge volatility or amplify returns through leverage.
The SEC's approval follows the conclusion of the Ripple–SEC lawsuit, which had long cast uncertainty over XRP’s legal status. The recent success of Teucrium’s leveraged XRP ETF, which reached over $5 million in volume on launch day, demonstrates growing investor interest in regulated exposure to altcoins, not just Bitcoin and Ethereum.
