Following the approval from the U.S. Securities and Exchange Commission, ProShares has confirmed the launch of three new exchange-traded funds (ETFs) based on futures of the digital asset XRP. According to a new post-effective amendment filed with the U. S. Securities and Exchange Commission (SEC), ProShares has revised the launch date of its XRP futures-based ETFs to May 14, 2025. That update corrects widespread reports that the products would go live on April 30. Proshares changes date to May 14th for its leveraged #XRP ETF’s launch pic.twitter.com/c8VBYvruTw — XRPDAILY (@XRPXLMVERSE) April 29, 2025 ProShares Introduces Ultra XRP, Short XRP and Ultra Short XRP ETFs ProShares, one of the leading issuers of leveraged and inverse ETFs, will launch the Ultra XRP ETF, the Short XRP ETF, and the Ultra Short XRP ETF. The Ultra XRP ETF will offer 2x leveraged exposure to XRP’s daily price movements. The Short XRP ETF will provide -1x inverse exposure, while the Ultra Short XRP ETF aims for -2x inverse leverage based on daily XRP price action. According to regulatory filings, these products were cleared through a procedural mechanism that allows approval without direct SEC reapproval if no objections arise. ProShares initially filed for these futures-based XRP ETFs in January 2025. The launch follows the recent conclusion of Ripple Labs’ lengthy legal dispute with the SEC, which removed significant regulatory barriers for XRP. ProShares’ move also follows the launch of Teucrium’s 2x XRP ETF which recorded over $5 million in first-day trading volumes earlier this month. XRP Futures Momentum Grows Amid Broader Institutional Interest The XRP futures market is expanding rapidly. CME Group announced plans to add XRP futures trading next month alongside Bitcoin, Ethereum and Solana products. This marks another step in offering XRP-linked financial products to institutional investors in the U.S. Investor interest in XRP has risen sharply following the resolution of Ripple’s legal issues. Experts such as Armando Pantoja pointed out that SEC approval for an XRP futures ETF could serve as a precursor to spot XRP ETFs. Market participants anticipate increased liquidity and investor access once spot products receive approval. XRP maintains its trading value at $2.27 while demonstrating a 9% increase for the last week, as recorded on TradingView. SEC Reviews Pending Spot XRP ETF Applications Despite the futures ETF approvals, the SEC continues to review multiple applications for spot XRP ETFs. Firms including Grayscale, VanEck, 21Shares, Franklin Templeton and ProShares have submitted proposals. According to industry analysts, the SEC review process for spot crypto ETFs is quite standard and does not signal specific resistance. Recent legislative activity has bolstered the argument that spot XRP ETFs may one day receive the go-ahead. If approved, these spot ETFs could unlock great demand for XRP in these traditional financial markets and cement XRP’s place alongside the major digital assets. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.