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Ripple (XRP) ETF News April 30: Everything You Need to Know

  • Teucrium and ProShares received regulatory approval to launch futures-based XRP ETFs in the US, offering leveraged exposure to XRP's price movements without holding actual tokens.
  • Teucrium introduced the first XRP ETF in the USA called Teucrium 2x Long Daily XRP ETF (XXRP), followed by SEC's approval of three XRP ETFs by ProShares - Ultra XRP ETF, Short XRP ETF, and Ultra Short XRP ETF set to launch on May 14.
  • Major firms like Grayscale, Franklin Templeton, and others are awaiting SEC approval for spot XRP ETF to make investing in Ripple's token easier; Franklin Templeton's spot XRP ETF decision has been delayed until June 17.
  • Despite the delay in Franklin Templeton's spot XRP ETF decision, there is optimism for approval with new SEC Chairman showing a pro-crypto stance; chances are estimated at 85% by Eric Balchunas for a spot XRP ETF launch in 2025.

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