ProShares Receives Regulatory Nod for Trio of XRP ETFs

ProShares Set to Launch Three XRP Futures ETFs Following Quiet SEC Clearance

ProShares is preparing to launch three XRP-linked exchange-traded funds (ETFs) this week, following a quiet greenlight from the U.S. Securities and Exchange Commission (SEC). The new products will give traders exposure to XRP futures and allow leveraged and inverse strategies.

According to recent filings, the lineup includes an Ultra XRP ETF offering 2x leveraged exposure, a Short XRP ETF, and an Ultra Short XRP ETF with -2x leverage. While these futures-based products are moving ahead, there has been no notable progress on ProShares’ spot XRP ETF. Meanwhile, the SEC has formally acknowledged several spot XRP ETF applications, including one from Grayscale, which is approaching a key decision date on May 22.

This move comes just weeks after Teucrium debuted the first U.S.-based XRP ETF—a 2x leveraged fund—which saw over $5 million in trading volume on its first day, marking the company’s most successful ETF launch to date.

In a related development, CME Group announced plans last week to begin offering XRP futures contracts on its primary U.S. derivatives platform starting next month. The contracts will trade alongside existing futures for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

The surge in XRP-related ETFs follows the resolution of Ripple’s long-running legal battle with the SEC in March. The conclusion of that case removed significant regulatory uncertainty around XRP, opening the door for broader institutional adoption and investment products.