ProShares to Launch XRP Futures ETFs Amid Growing Institutional Interest
ProShares is set to unveil three new XRP futures-based ETFs this week, following quiet approval from the U.S. Securities and Exchange Commission (SEC). The funds are designed to give traders both bullish and bearish exposure to XRP price movements.
As outlined in recent filings, the offerings will include an Ultra XRP ETF (2x leverage), a Short XRP ETF, and an Ultra Short XRP ETF (-2x leverage). While these futures products are moving ahead, ProShares’ plans for a spot XRP ETF remain in limbo. Meanwhile, the SEC has formally acknowledged several spot XRP ETF filings, with Grayscale’s application nearing a critical decision point on May 22.
The launch follows the debut of Teucrium’s 2x XRP ETF earlier this month—the first of its kind in the U.S.—which posted over $5 million in trading volume on day one, marking a milestone for the firm.
Adding to the momentum, CME Group announced last week that XRP futures will be available on its main derivatives exchange starting next month, alongside Bitcoin, Ethereum, and Solana products.
The surge in XRP-related ETF activity comes on the heels of Ripple’s decisive legal win against the SEC in March, a resolution that removed major regulatory barriers and ignited a wave of institutional demand for XRP exposure.
