U.S. SEC has approved ProShares Trust’s XRP-focused exchange-traded funds (ETFs), with trading set to begin on April 30, 2025
Author: Chirag Sharma
April 27, 2025 – In a landmark decision for the crypto industry, the U.S. Securities and Exchange Commission (SEC) has approved ProShares Trust’s XRP-focused exchange-traded funds (ETFs), with trading set to begin on April 30, 2025. Officially detailed in a Form N-1A registration filing, this approval signals growing regulatory acceptance of XRP, Ripple’s native token, within mainstream finance.
ProShares, known for launching the first Bitcoin futures ETF in 2021, will roll out three XRP funds: the ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF. These futures-based ETFs offer leveraged and inverse exposure to XRP’s price movements, allowing investors to participate in XRP’s market action via traditional brokerage accounts—without the need to directly hold the cryptocurrency.
The announcement triggered a rapid market response. Within 24 hours on April 27, XRP’s price jumped 12.7%, climbing from $0.52 to $0.59. Trading volumes spiked by 34.8%, reaching $2.1 billion across major exchanges like Binance and Coinbase. At the same time, XRPLedger reported a 22% increase in daily transactions, reflecting heightened network activity and user engagement.
Market analysts are closely watching XRP’s next resistance level at $0.62, with key support identified around $0.55. Given the leveraged nature of the new ETFs, volatility could be heightened in the days following the launch.
The approval of ProShares’ XRP ETFs provides retail and institutional investors with a regulated, accessible way to gain exposure to XRP’s price action. Investors can now trade XRP-linked funds without dealing with crypto wallets or navigating exchanges, simplifying portfolio diversification.
However, due to the leveraged structure of the Ultra and Short ETFs, gains—and losses—could be amplified. As the April 30 launch approaches, it’s important for investors to stay informed on price movements, resistance levels, and broader market sentiment to make strategic decisions.
This approval could pave the way for future spot XRP ETFs, further cementing XRP’s place in traditional finance.
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