SEC Approves Highly Anticipated XRP ETF – Price Reacts – Not Yet Approved Spot ETF on the Horizon Now

The U.S. Securities and Exchange Commission (SEC) has approved ProShares Trust to launch multiple XRP-related futures exchange-traded funds (ETFs), with an effective date set for April 30, 2025. The approved products, ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF, are designed to provide leveraged and inverse exposure based on XRP futures prices. However, the SEC has not yet approved any XRP spot ETF in the United States. There was a sudden increase in the XRP price following the news from the SEC: Chart showing the rise in XRP price. Related News: Experienced Analyst Fred Krueger Predicts the Highest Price Bitcoin (BTC) Will Reach in the Current Cycle Meanwhile, Brazil has taken the global lead in XRP investment products. On April 25, the world’s first spot XRP ETF, issued by Hashdex and managed by Genial Investimentos, began trading on Brazil’s B3 exchange. According to Hashdex, the ETF, listed under the ticker XRPH11, tracks the Nasdaq XRP Reference Price Index and will allocate at least 95% of its net assets to XRP. The fund’s structure allows for exposure through direct or indirect holdings, futures contracts that aim to replicate the performance of the index, or other financial instruments that reflect the price of XRP relative to Nasdaq’s benchmark. XRPH11 marks Hashdex’s ninth ETF offering in B3, expanding its lineup of single-asset crypto ETFs that already includes products based on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). *This is not investment advice. Continue Reading: SEC Approves Highly Anticipated XRP ETF – Price Reacts – Not Yet Approved Spot ETF on the Horizon Now

Source: BitcoinSistemi