ProShares Set to Launch Leveraged and Inverse XRP Futures ETFs on April 30

In a groundbreaking move for the cryptocurrency market, ProShares is preparing to launch three XRP futures-based exchange-traded funds (ETFs) on April 30, 2025. These ETFs will provide investors with Leveraged and inverse exposure to XRP, marking a significant milestone in U.S. markets. The SEC has not objected to the filings submitted in January, paving the way for these innovative financial products. The suite includes the Ultra XRP ETF (2x leverage), the Short XRP ETF, and the Ultra Short XRP ETF (-2x leverage). This development is expected to attract both institutional and retail investors, further integrating XRP into mainstream finance.

ProShares to Launch Leveraged and Inverse XRP Futures ETFs on April 30

ProShares is set to introduce three XRP futures-based exchange-traded funds (ETFs) on April 30, 2025, offering investors leveraged and inverse exposure to the cryptocurrency. The suite includes the Ultra XRP ETF (2x leverage), the Short XRP ETF, and the Ultra Short XRP ETF (-2x leverage). This marks a significant milestone in U.S. markets, as the SEC has not objected to the filings submitted in January.

While the approval covers futures-based products, spot XRP ETFs remain under regulatory review. Teucrium recently launched the first XRP futures ETF earlier this month, signaling growing institutional interest in crypto derivatives.

Ripple President Sidesteps IPO Talk, Emphasizes Financial Strength

Ripple President Monica Long deflected questions about a potential IPO during a CNBC interview, choosing instead to highlight the company’s robust financial position. "We have billions in cash reserves and strong liquidity," Long stated, underscoring Ripple’s focus on aggressive growth rather than immediate public market ambitions.

The blockchain firm recently acquired crypto prime broker Hidden Road in a billion-dollar deal, signaling continued expansion. Institutional adoption of Ripple’s solutions appears to be growing, though Long avoided specific metrics. Market observers note the strategic timing of these moves as the crypto sector shows renewed institutional interest.

XRP Bullish Dreams On Hold: Key Resistance at $2.24

XRP’s weekend price surge, fueled by a misinterpreted old ETF article, lacked organic buying support. The cryptocurrency briefly touched $2.27 but failed to hold above the critical $2.24 resistance level.

Analyst CasiTrades highlights XRP’s vulnerability below this threshold, while EGRAG CRYPTO maintains a cautiously optimistic long-term view despite projecting short-term weakness. Weekend liquidity conditions amplified the artificial spike.

When Will Grayscale’s XRP ETF Finally Get Approved?

XRP continues to carve a distinctive path in the cryptocurrency market, underscored by ProShares’ recent filing for a futures-based Short XRP ETF, slated for an April 30, 2025 launch. This development highlights XRP’s growing institutional appeal, yet the spotlight remains on Grayscale’s pending XRP ETF approval.

Grayscale, a titan in crypto asset management, has yet to secure regulatory greenlighting for its XRP ETF despite mounting interest in XRP-linked financial products. The landscape is evolving rapidly—Hashdex’s XRPH11, the first spot XRP ETF tied to Nasdaq’s XRP Reference Price Index, signals robust demand for direct exposure to the asset.

XRPFi Launch Tomorrow: Flare’s Big Reveal to Transform XRP Staking

Flare Networks is set to launch XRPFi, a decentralized finance ecosystem tailored for XRP holders, tomorrow. The platform will introduce smart contract functionality to XRP, enabling staking, lending, borrowing, and trading of XRP-based assets directly on the Flare blockchain.

Crypto analyst Angelica Saldaña emphasized the transformative potential of XRPFi, which promises to unlock new yield opportunities and enhance XRP’s utility. The move marks a significant evolution for the XRP ecosystem, bridging the gap between traditional holdings and DeFi applications.