Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
ProShares XRP Futures ETFs Set to Launch April 30
Crypto | April 28, 2025
Image: Freepik/DC Studio
ProShares Wins SEC Approval for XRP Futures ETFs, Opening Doors For New Investors
As reported by Coindesk, the U.S. Securities and Exchange Commission (SEC) has officially approved three XRP futures exchange-traded funds (ETFs) from ProShares, with trading scheduled to begin on April 30, 2025. This is another major milestone for XRP and crypto, even though the approval is for futures contracts and not direct XRP ownership. This means that investors can trade price movements of XRP without having to buy, store, or manage crypto itself.
Here are the 3 ProShares ETFs set to launch:
- ProShares Ultra XRP ETF (2x leveraged exposure to XRP futures price movements)
- ProShares Short XRP ETF (investors can profit if XRP futures prices decrease)
- ProShares Ultra Short XRP ETF (-2x leveraged exposure against XRP futures)
Notably, the SEC has still not approved a spot XRP ETF. According to Coingecko, the spot price of XRP at the time of writing is currently trading at $2.88 per token with an increase of 8.9% in the last 7 days.
See: Canada Launches First Spot Solana ETFs With Staking
Also, the CME Group, derivatives exchange, plans to introduce a cash settled XRP futures contract on May 19, 2025, pending regulatory approval.
Institutional Interest in Crypto Grows
Institutional demand for cryptocurrencies continues to grow. Below is a snapshot provided by Nate Geraci on X of the Bitcoin ETF's that launched in 2024, including the Assets Under Management (AUM) and implied revenue.
Nearly 16mos after spot btc ETFs launched, GBTC still making more $$$ than all of the other ETFs combined...
And it's not even close. pic.twitter.com/Tfn7g1j5Su
— Nate Geraci (@NateGeraci) April 27, 2025
Why It Matters
While Canadian regulators have approved spot ETFs for cryptocurrencies like Bitcoin, Ethereum, and Solana, there have been no filings for XRP ETFs in the country to date. Developments in the U.S. indicate growing demand for institutional interest in XRP, which could influence future offerings here in Canada.
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