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The American Securities and Exchange (SEC) commission approved three ETF Proshares XRP (Breakfast funds), sending XRP by increasing by almost 8%.
Proshares plans to deploy an ultra XRP ETF (2x lever effect), a short XRP ETF and an ultra short ETF (a lever -2x) on April 30, according to documents. The company SPOT ETF application of the company remains pending and a key decision of the SEC is expected on May 22.
The green light of the dry for the three ETF XRP marks a key step in the adoption of the Ripple token by the traditional financial markets.
🔥 The dry has just approved a $ XRP ETF 🔥
But that’s not what many people think.
It is not an ETF Spot.
It is a future ETF.The difference?
An ETF Spot buys and holds a real XRP, creating a real demand. An ETF future bets only on the price of XRP without touching a single real token.
What… pic.twitter.com/eaqcwuotm4
– John Squire (@thecryptosquire) April 27, 2025
The approval of the ETF XRP of Proshares comes after the XRP 2x fund of Téucrium began to negotiate earlier this month. The Teucrium Fund was the first XRP ETF In the United States, and posted more than $ 5 million in negotiation volumes on the first day. This strong start has also made the product the most successful launch of the company to date.
Deadline for XRP ETF spot is getting closer
The XRP Proshares ETF will give investors an exposure to the payment token through derivatives, which will probably not introduce much purchase of secondary pressure on the price of XRP, said the president of the ETF store, Nate Geraci.
He wondered why FNBs in the long term are approved before the XRP ETF.
There are several applications for XRP ETF spots, which the agency has already recognized. Investors will now wait on May 22, the next deadline for the FNB SPOT XRP deposit of the Grayscale fund manager.
The wave of deposits of offers of tenders occurs shortly after the multi -year legal battle of Ripple with the SEC ended in March.
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