SEC Approves XRP ETFs: What the XRP ETF Approval Means for the Crypto World
Big news just dropped in the crypto world. The XRP ETF approval by the U.S. Securities and Exchange Commission (SEC) is official. ProShares Trust will launch three XRP futures ETFs on April 30, giving you new ways to trade XRP without owning the token.
These aren’t your usual ETFs. The Ultra XRP ETF gives 2x exposure to XRP’s price. If XRP goes up, your returns double. Prefer to bet against the market? The Short XRP ETF profits when XRP falls. For stronger downside action, the Ultra Short XRP ETF returns 2x gains on price drops.
Each one tracks XRP through a futures index. That means you don’t need to hold XRP directly. You’re just following its price through contracts. That makes this move big for traders and institutions looking for safe, regulated ways to enter the market.
This XRP ETF approval comes shortly after Teucrium launched the first XRP futures ETF on April 8. That fund had a strong start, proving there's investor appetite for XRP exposure. Now, ProShares is jumping in with three more choices.
Even though spot XRP ETFs haven’t been approved in the U.S., Brazil beat the SEC to it. Hashdex recently launched the first spot XRP ETF in that region. Still, the U.S. green light on futures-based XRP ETFs is a huge step. It marks growing acceptance and opens doors for even bigger crypto moves in the future.
Following the XRP ETF approval, the price of XRP jumped 3.5% in 24 hours, hitting $2.27. Most other top tokens dropped during that time, except Bitcoin, which barely moved. XRP was the clear standout, grabbing investor attention.
This approval also reflects a shift in how the SEC views crypto. Ripple, the company behind XRP, spent years battling the agency. It all started in 2020 when the SEC accused Ripple of selling unregistered securities, leading to a high-profile legal fight.
In 2023, a judge ruled XRP isn’t a security when traded on exchanges, though institutional sales were still flagged. Ripple paid a $125 million fine but gained ground. That momentum grew when Donald Trump returned to office. He appointed Paul Atkins, a known crypto supporter, as SEC chairman.
Atkins has called out the SEC’s past stance, saying it slowed innovation. Now, Ripple and the SEC are working on a final settlement. If resolved, this case could help define how other crypto tokens are treated in the U.S.
The XRP ETF approval is more than just a trading tool. It signals that the U.S. is slowly but surely warming up to crypto. With regulated ETFs gaining traction, XRP could lead the way for other tokens to follow.
Mark your calendar for April 30. That’s when ProShares rolls out its new XRP futures ETFs. The crypto traders will finally have the tools to act on it, all under a regulated framework.
Key Takeaways:
● The XRP ETF approval by the SEC allows ProShares to launch three XRP futures ETFs on April 30.
● New ETFs include Ultra XRP (2x leverage), Short XRP (-1x), and Ultra Short XRP (-2x).
● These ETFs track XRP futures prices without requiring direct ownership of XRP.
● The approval follows a strong debut by Teucrium’s XRP ETF earlier this month.
● XRP price surged 3.5% after the approval, outperforming most major cryptocurrencies.
● Ripple's long-standing legal battle with the SEC is nearing resolution, signaling a friendlier regulatory environment.
● Brazil recently launched the first spot XRP ETF, while a U.S. spot XRP ETF is still pending.
● The move boosts institutional access to XRP and reflects growing crypto acceptance in the U.S.
