<ul><li>The U.S. Securities and Exchange Commission (SEC) has approved the launch of three XRP exchange-traded funds (ETFs) from ProShares, with a public offering date set for April 30, 2025.</li><li>ProShares' XRP ETFs will provide exposure to XRP through derivatives, not holding the cryptocurrency directly, which has raised concerns among analysts.</li><li>The approved ETFs include the Ultra XRP ETF, which offers 2x leverage on XRP future prices, the Short XRP ETF for inverse exposure to profit from price declines, and the Ultra Short XRP ETF which provides nearly twice the inverse (-2x) performance of XRP.</li><li>The SEC's decision to approve leveraged XRP products before a spot XRP ETF is uncommon, and some speculate it could be due to comfort with derivatives or testing demand for leveraged products.</li></ul>

Here’s When ProShares’ 3 XRP ETFs Will Go Live

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