ProShares Gets SEC Greenlight—Three XRP ETFs Launch April 30 Following CME’s Lead

The crypto ETF arms race heats up as ProShares joins the fray with not one, but three XRP-focused exchange-traded funds. Wall Street’s latest love affair with crypto derivatives just got steamier—because what the market clearly needed was more ways to bet on the SEC’s least favorite ’unregistered security’.

Key details: Launch set for April 30 after regulatory approval, following CME’s recent XRP futures rollout. The trifecta includes leveraged and inverse products—because in today’s markets, why settle for simple exposure when you can 3x your existential dread?

Behind the scenes: This move signals institutional players are doubling down on Ripple’s legal wins, despite lingering regulatory gray areas. The funds will track XRP’s price movements through Chicago Mercantile Exchange derivatives—a neat regulatory workaround that lets traditional investors dabble in crypto without actually touching the stuff.

The punchline: While purists scoff at ’synthetic’ crypto products, the real joke might be on retail traders—these ETFs will likely attract more institutional money than the actual XRP ledger has seen in years. Just don’t ask what happens if the SEC changes its mind again.

BULLISH FOR XRP AND ALTCOINS pic.twitter.com/uhRXJUUM8g

— Ash Crypto (@Ashcryptoreal) April 27, 2025

Notably, the new ETFs are futures-based and not spot products. The three new funds that will track the XRP Index are – 

• Ultra XRP ETF: Offers 2x leveraged exposure to XRP’s daily price movements 
• Short XRP ETF: Provides -1x inverse exposure
• Ultra Short XRP ETF: Delivers -2x inverse leverage

Just last week, the Chicago-based financial services company – the CME group, operating financial derivatives exchanges including the Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, and The Commodity Exchange, added XRP futures to its exchange set for launch next month.

Industry experts and crypto enthusiasts have expressed Optimism after XRP futures lunch.

“The SEC just approved an XRP Futures ETF — the first major domino to fall. A Spot XRP ETF could be next, unlocking real demand and sending prices soaring. $100 billion+ could soon flood into XRP… stay ahead,” said Armando Pantoja, a crypto investor since 2011. 

The SEC just approved an $XRP Futures ETF — the first major domino to fall.

A Spot XRP ETF could be next, unlocking real demand and sending prices soaring.

$100 billion+ could soon flood into XRP… stay ahead.$XRP pic.twitter.com/MVYiS9lTAY

— Armando Pantoja (@_TallGuyTycoon) April 27, 2025

: 9+ Best High-Risk, High–Reward Crypto to Buy in April 2025

SEC Currently Reviewing Applications For Spot XRP ETFs, Grayscale’s Decision Deadline Set For May 2025

With ProShares’ XRP futures ETFs set to go live on April 30, all eyes are now on the SEC’s pending decisions regarding spot XRP ETFs.

Will a green light for spot products would mark an even more significant milestone? Undoubtedly. 

Meanwhile, big names are lining up for approval. Grayscale, VanEck, 21Shares, Franklin to name a few – these companies are filing for Ripple ETFs with final deadlines between April-October 2025.

The word on the street is that the Wall Street is not “ignoring” XRP. They’re preparing to launch it.

#XRP ETF DEADLINES ARE STACKING UP

Big names are lining up:
Grayscale, VanEck, 21Shares, Franklin, ProShares and more…
All filing for XRP ETFs with final deadlines between April-October 2025.

Wall Street’s not “ignoring” $XRP they’re preparing to launch it.#XRP #ETF #Ripple pic.twitter.com/I9SbfOybre

— XRP_Consultant(@XRP_Consultant) April 22, 2025

: 17 Next Crypto to Explode in 2025: Expert Cryptocurrency Predictions & Analysis

Key Takeaways

•  ProShares will launch three Ripple futures (Ultra XRP ETF, Short XRP ETF, Ultra Short XRP ETF) on 30 April 2025. 

• The SEC is reviewing several spot XRP ETF applications, with Grayscale’s decision deadline set for 22 May 2025.