The US Securities and Exchange Committee (SEC) has approved Prosharest's three XRP-traded money (ETF) launching, setting the date of public bid April 30, 2025.
Unlike Spot ETF, which would hold the XRP directly, Proshares offers contacts through derivatives -a structure that has raised eyebrows among analysts.
“This is not a dot XRP ETF,” ETF expert Nate Geraci a post X -l. “It's actually several amplified and inverse ETF, which gets the XRP exposure derivatives.”
Still no dot XRP ETF
Products include ULTRA XRP ETF, offering 2x amplification of XRP for the daily yield of the future prices of the future prices of the XRP, providing inverse proportion that allows investors to benefit from the XRP price drop, and the ultra-lightweight XRP ETF, offering a cryptocurrency daily.
The SEC decision to allow amplified products before the Spot ETF is unusual, as most crypto ETFs, including Bitcoin and Ethereum funds, followed the opposite trajectory. “Why are they allowed before?” Gerac asked.
Earlier this month, the regulator gave permission to the XRP product with the first leverage: Teucrium-based Teucrium 2x long daily XRP ETF (XXRP), trading on NYSE ARCA. Some market trackers have speculated that this series of events, first of all, in the Teucrium's XXRP and now Proshares XRP ETF, may be a sign that the financial markets watchdog may be more convenient to sign derivatives -based exposure, instead of cryptocurrency.
“It may be related to the regulatory comfort level derivatives directly compared to the assets underlying it,” the user X said, answering Gerac's question. “Or maybe the demand for amplified products is tested before the Spot ETF is considered.”
The confirmation will also be a few weeks after SEC resolved its high -level case against Ripple Labs, behind the company behind the sign. The incident dragged for years and ended with a $ 50 million fine, much less than the SEC's original demands, effectively cleaning the cryptocurrency important regulatory barrier.
Historical milestone
Proshares, who manages more than $ 60 billion in property, is no stranger to cryptocurrency financial products if he has made history in 2021, when he launched the first Bitcoin Futures ETF (BITO). Its entry XRP space brings significant influence and reliability.
XRP-medium commentator Arthur called it a historical milestone for the integration of XRP into mainstream financing, opening the doors for easier access by banks, institutional investors, as well as retail companies.
“XRP enters the big leagues,” requiredVarious advantages that should be accompanied by ETF, including regulatory validation and “mass capital inflow”.
In the meantime, the markets rose 4.6% in the last 24 hours and are currently trading at about $ 2.28 after $ 2.17-2.29. With a weekly view, it achieved 7.4%, slightly reducing the remaining crypto market to an 8.2% increase during this period.
In addition, the XRP recorded a 5% increase in the previous 30 days, continuing the wider trend, which has increased by more than 335% over the past year.
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