Features News Daily TheBitTimes.com

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...

The XRP price surged 5% in the last 24 hours to trade at $2.69 as of 3:40 a.m. EST on trading volume that soared 10% to $5.41 billion. The Ripple token’s price surged as the US Securities and Exchange Commission (SEC) acknowledged another XRP ETF filing on Feb. 19, this time from Wisdom Tree. The acknowledgment has triggered a three-week comment period that will allow industry experts, investors, and even the general public to provide input on how the regulator should handle the application. The SEC will then take them into consideration when the time comes to make a decision about whether to approve, delay, or reject the application. XRP Price Prediction With the acknowledgment of WisdomTree’s application, the XRP price surged from $2.47 on Feb. 18 to $2.74 earlier today, only to correct slightly to the current price of $2.69. While the coin’s price has been increasing consistently in the last 24 hours, the project’s Bollinger Bands remained relatively stabl...