SEC has given Proshares Trust with his XRP ETF offers, officially appointing a date of entry into force on April 30, 2025. According to a Newly submitted form N-1aIncludes several ETFs focused on the XRP.
The registration update states that the amendment will mark the new date of the change in Proshares Ultrashort XRP ETF, Proshares Ultra XRP ETF and Proshares Short XRP ETF. When submitting SEC, it is noted that the change was made only to create the launch of April 30.
Trust's main management is located in Maryland in Bethesda, as an investment counselor, Proshare Advisors LLC works. Richard Morris from Proshare Advisor is a listed service agent supported by a legal adviser to the New York Dechert LLP.
Between them
This launch is a strategic expansion of Proshares Trust into the digital asset sector, responding to the wider efforts of the company to provide cryptocurrency investment products. The funds are built on the basis of the investment fund framework and are registered in accordance with the Securities Act and the Investment Association Act.
The submission confirms that the submission did not select the immediate effectiveness together on April 30, 2025, which was selected for the date of entry into force.
The Proshares XRP ETF is expected to offer amplified and inverse exposure to XRP price movements, expanding the opportunities offered to investors that want access to popular alternative cryptocurrencies through regulated financial products.
Market participants are now looking for launching April 30 as a major development of investment vehicles focused on XRP in the US regulated environment.
