ProShares to Launch Three XRP Futures ETFs Following SEC Nod

ProShares is set to introduce three new exchange-traded funds (ETFs) tied to XRP futures this week, offering traders opportunities to profit from both upward and downward price movements. The launch follows quiet approval from the U.S. Securities and Exchange Commission (SEC).

The new ETFs include an Ultra XRP ETF with 2x leveraged exposure, a Short XRP ETF for inverse exposure, and an Ultra Short XRP ETF offering -2x leverage, according to regulatory filings. While these futures-based products move forward, ProShares’ application for a spot XRP ETF has yet to make progress.

The SEC has, however, acknowledged multiple spot XRP ETF filings, with Grayscale’s proposal facing a pivotal decision date on May 22.

ProShares’ move comes on the heels of Teucrium’s launch of the first U.S.-listed XRP ETF—a 2x leveraged product—which debuted earlier this month. That fund saw over $5 million in trading volume on its first day, marking Teucrium’s most successful ETF rollout to date.

Momentum in XRP investment products continues to build. Last week, CME Group announced plans to add XRP futures to its main U.S. derivatives exchange next month, joining its existing Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) offerings.

This surge in XRP-focused financial instruments follows the resolution of Ripple’s long-standing legal battle with the SEC, which concluded in March. The court victory cleared major regulatory obstacles, paving the way for broader institutional engagement with XRP.