BlockBeats News, April 27th: Earlier, the US SEC approved ProShares Trust's XRP ETF, which includes three futures ETFs: ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF. They will provide investors with a way to gain exposure to price movements without directly holding XRP tokens.
ProShares Ultra XRP ETF: Aims to provide double the return of XRP futures prices.
ProShares UltraShort XRP ETF: Aims to provide double the inverse return of XRP futures prices.
ProShares Short XRP ETF: Aims to provide the inverse return of XRP futures prices.
These three futures ETFs are scheduled to officially start trading on April 30, 2025.