SEC Approves Three ProShares XRP ETFs, Sending Ripple Token Soaring 8%
The US Securities and Exchange Commission (SEC) approved three ProShares XRP ETFs (exchange-traded funds), sending XRP surging almost 8%. ProShares plans to roll out an Ultra XRP ETF (2x leverage), a Short XRP ETF, and an Ultra Short XRP ETF (-2x leverage) on April 30, according to filings. The company’s spot XRP ETF application remains pending, and a key SEC decision is expected on May 22. The SEC’s green light for the three XRP futures ETFs marks a key milestone in the Ripple token’s adoption by traditional financial markets. 🔥 The SEC just approved an $XRP ETF 🔥 But it’s not what many people think. It’s not a Spot ETF. It’s a Futures ETF. The difference? A Spot ETF buys and holds real XRP, creating real demand. A Futures ETF only bets on XRP’s price without touching a single real token. What… pic.twitter.com/EaqCWuOtM4 — John Squire (@TheCryptoSquire) April 27, 2025 The approval of ProShares’ XRP...