• 29 April 2025
• |
• 05:17

Although ProShares recently received SEC approval for its XRP futures ETFs, trading won't begin immediately.

Bloomberg analyst James Seyffart clarified that the products, while cleared for launch, still don’t have a confirmed start date. However, expectations remain high for them to debut sometime in the near future.

These new ETFs are designed for institutional investors seeking a regulated way to speculate on XRP price movements without holding the cryptocurrency directly. Futures-based ETFs allow exposure to crypto markets while sidestepping challenges around custody and regulatory risks. ProShares is preparing three distinct products: one offering double exposure to XRP’s price moves, and two inverse funds providing -1x and -2x performance respectively.

This development follows the earlier launch of Teucrium’s 2x Long Daily XRP ETF, which hit the New York Stock Exchange earlier in April and attracted decent trading activity in its first days. If ProShares succeeds, its XRP futures products will become the second, third, and fourth XRP-focused ETFs approved in the U.S.

Meanwhile, a bigger prize is still on the horizon. ProShares, along with other major players like Grayscale and 21Shares, has pending applications for spot XRP ETFs, which would offer direct exposure to the token itself. The SEC is set to revisit many of these filings by late May, with final deadlines stretching into October for some proposals.

Analysts remain optimistic about the potential impact. According to JPMorgan, XRP exchange-traded products could attract between $4 billion and $8 billion in inflows if approved, similar to the early success seen with Bitcoin and Ethereum ETFs.

Although the timeline for spot approvals remains uncertain, momentum for XRP’s deeper integration into traditional finance is clearly growing.

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