You Won’t Believe What ProShares Is Doing with XRP ETFs!

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Hold onto your hats, here’s the scoop:

  • ProShares is rolling out three XRP ETFs like they’re handing out free bagels at a board meeting—after the SEC gave the ol’ nod (or at least a wink).
  • We’re talking Ultra XRP ETF, Short XRP ETF, and Ultra Short XRP ETF—sounds like a finance-themed superhero league, no?
  • All this magic happened because Ripple finally threw in the towel with the SEC after a courtroom soap opera worthy of prime time.

So, the ETF maestros at ProShares are tossing three XRP-flavored funds into the financial cauldron this week, fresh off that SEC thumbs-up that nobody heard spoken aloud but everyone felt in their wallets.

Here’s the lineup: an Ultra XRP ETF with 2x leverage (because why not double down on the digital coin rollercoaster?), plus a Short XRP ETF and an Ultra Short XRP ETF with negative double leverage—basically betting that XRP will do the financial equivalent of a pratfall. The spicy spot XRP ETF is still playing hard to get; the SEC’s leaving that door ajar, debating quietly like a poker game in Vegas. Meanwhile, Grayscale is sweating bullets ahead of a May 22 deadline you could set your watch by.

ProShares’ green light is stealing some thunder from Teucrium’s 2x XRP ETF, which strutted onto the scene earlier this month, making over $5 million in trade volume on day one—proving the only thing faster than the speed of crypto is the speed at which investors lose sleep.

Last week, the CME Group added XRP futures to its giant derivatives playground along with the usual suspects BTC, ETH, and SOL. It’s like the Wall Street block party just got an upgrade—now featuring XRP juggling and fire-eating acts.

And if you’re wondering how the heck this tsunami of XRP ETFs finally happened, picture this: Ripple duking it out with the SEC in a courtroom showdown that ended in March, clearing the path like Moses parting the Red Sea—except with fewer miracles and more paperwork.

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2025-04-28 09:08