Well, darling, it seems ProShares has decided to spice things up! On April 30, they’re unveiling not one, not two, but *three* XRP ETFs, after receiving the coveted seal of approval from the ever-so-predictable U.S. Securities and Exchange Commission. Oh, joy.
And what do we have here? A selection of new toys for traders to play with! Yes, ProShares is introducing the Short XRP ETF, the Ultra XRP ETF, and—drumroll, please—the UltraShort XRP ETF. Each with its own little flair of leverage. Choose your poison wisely, darling, because these futures-based ETFs are all about those price movements of XRP that’ll have you clapping or crying by the end of the day.
The Ultra XRP ETF offers a breezy 2x leverage, as if you needed a little more excitement. But, if you’re the adventurous type, perhaps the UltraShort XRP ETF with its inverse leverage of -2x will give you that lovely rush of fear. Not to be left out, the Short XRP ETF serves up an inverse leverage of -1x, because sometimes, you just need to feel slightly less bold but still edgy. Ah, the choices!
Now, don’t you fret about having to actually hold any XRP tokens. With futures-based ETFs, you can place your bets on XRP’s price without even so much as touching the asset itself. Talk about a guilt-free gamble!
In other news, ProShares is also filing for a spot XRP ETF, which is still in the SEC’s hands, presumably undergoing some top-secret review process. Stay tuned, darling, the plot thickens.
Ah, but the fun doesn’t stop there. ProShares’ approval comes right on the heels of Teucrium’s first-ever XRP ETF hitting the markets on April 8. Yes, the New York Stock Exchange is now graced with their brilliance. So, what does this mean for our favorite token, XRP? Well, it’s had quite the lift recently, rising by a dazzling 4.86% in the past 24 hours. The current price? A respectable $2.28, darling. A market cap? A staggering $133 billion. Who said crypto wasn’t glamorous?
And if you’re wondering, no, the SEC isn’t handing out XRP ETF approvals like candy at Halloween. Only Teucrium and ProShares have received the nod. As for Grayscale, well, they’re still waiting for their moment in the spotlight, as the SEC has put their XRP ETF decision on hold. Oh, the suspense!
Meanwhile, institutional interest in XRP ETFs is practically sky-high. It seems every asset manager worth their salt—from Franklin Templeton to Bitwise—has thrown their hat into the ring. Why, it’s almost like they all read the same gossip column!
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2025-04-28 11:10