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https://www.gate.com/announcements/article/45974
The SEC has approved ProShares to launch an XRP futures ETF product.
According to Gate.io News bot, as reported by Wu, the United States Securities and Exchange Commission ( SEC ) has approved ProShares Trust to launch multiple XRP futures ETF products, with an effective date of April 30, 2025. The approved products include ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF, which provide leveraged and reverse exposure based on XRP futures prices. It is worth noting that this approval does not involve XRP spot ETF products.