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.