ProShares Ready to Launch XRP ETF, Check out the Important Schedule!

Updated

April 17, 2025

Gambar ProShares Ready to Launch XRP ETF, Check out the Important Schedule!

Jakarta, Pintu News – ProShares, a leading investment management company, has applied to the US Securities and Exchange Commission (SEC) to launch three Ripple (XRP) futures-based exchange-traded funds (ETFs).

The move marks important momentum for Ripple which continues to attract investor attention after settling a legal dispute with the SEC.

ProShares Accelerates Launch of XRP ETFs

ProShares plans to launch three new ETFs: ProShares UltraShort Ripple (XRP) ETF, ProShares Ultra Ripple (XRP) ETF, and ProShares Short Ripple (XRP) ETF.

These products will not directly hold Ripple (XRP), but will use futures contracts and swap agreements to track the price movements of the digital currency.

These plans were announced ahead of the April deadline set by the SEC, showing ProShares’ seriousness in expanding its portfolio of crypto-based financial products.

The ETF is expected to provide easier and organized access for investors to invest in Ripple (XRP) without the need to own the token directly. This is a strategic move given the growing number of investors looking for a safer and more organized way to get into the crypto market.

Ripple (XRP) Momentum After Legal Victory

After settling a legal dispute with the SEC, Ripple (XRP) experienced a significant increase in momentum.

Ripple Labs locked 700 million Ripple (XRP) in escrow, a move that was interpreted as a signal of stability and long-term planning by the company. This incident boosted investor confidence and drew more attention to the long-term potential of Ripple (XRP) as a digital asset.

This legal victory also paves the way for more financial products based on Ripple (XRP), such as the ETF proposed by ProShares. With well-regulated products in place, investors have more options to invest in crypto in a safer and more reliable way.

SEC’s Critical Role and Anticipated Launch Date

ripple labs fine sec — Source: Crypto Rank

The SEC plays a key role in the approval process of Ripple (XRP) based ETFs. With new leadership at the SEC, their decision on this ETF will greatly influence the future growth of Ripple (XRP) and how quickly this digital currency can be accepted in traditional finance.

ProShares is targeting a launch date of April 30, 2025, which will be a watershed moment for investors looking forward to easy access to the Ripple (XRP) market through regulated products.

Apart from ProShares, other companies such as Bitwise, 21 Shares, and CoinShares have also applied to offer Ripple (XRP) based products. This shows the growing interest from investors who want to explore Ripple (XRP), but with a simpler and safer option.

All in all, with these various developments, the future of Ripple (XRP) is looking increasingly bright. Investors and market watchers are now looking forward to the SEC decision that will determine the direction of Ripple’s (XRP) growth in the global financial ecosystem.

The launch of a Ripple (XRP) based ETF by ProShares could be an important turning point in increasing visibility and trust in Ripple (XRP) among traditional market players.

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