SEC Grants ProShares Permission to Launch Three XRP ETFs

ProShares Set to Roll Out Trio of XRP Futures ETFs After SEC Go-Ahead

ETF provider ProShares is gearing up to launch three XRP-linked funds this week, following quiet approval from the U.S. Securities and Exchange Commission (SEC). The new products will offer investors leveraged and inverse exposure to XRP futures.

According to regulatory filings, ProShares will introduce an Ultra XRP ETF (2x leverage), a Short XRP ETF, and an Ultra Short XRP ETF (-2x leverage). While these futures-based offerings are moving forward, the firm’s bid for a spot XRP ETF remains on hold. However, the SEC has officially acknowledged several spot ETF applications, including one from Grayscale, which faces a key deadline on May 22.

The upcoming launches follow Teucrium’s early April debut of the first U.S.-based XRP ETF—a 2x leveraged product that amassed over $5 million in day-one trading volume, making it the company’s most successful ETF launch to date.

In a related development, CME Group revealed last week that it would begin listing XRP futures next month on its primary U.S. derivatives exchange. These will join CME’s existing roster of crypto products, including futures for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

The wave of XRP-related ETFs has gained momentum in the wake of Ripple’s legal victory over the SEC in March, a milestone that eliminated key regulatory uncertainties and cleared the path for institutional adoption.