1 week ago
Exchange-traded funds (ETF) issuer ProShares volition present 3 XRP-tracked products this week aft a tacit U.S. Securities and Exchange Commission (SEC) approval.
It volition motorboat an Ultra XRP ETF (2x leverage), a Short XRP ETF and an Ultra Short XRP ETF (-2x leverage), filings show. No question has been made connected its spot XRP ETF, however. Meanwhile, the SEC has acknowledged respective XRP spot ETF applications truthful far, with money manager Grayscale’s filing facing a captious May 22 deadline.
ProShares’ approvals travel weeks aft Teucrium’s 2x XRP ETF started trading earlier this month, becoming the archetypal XRP ETF successful the U.S. It racked implicit $5 cardinal successful trading volumes connected the archetypal day, becoming the firm’s “most successful” motorboat to date.
Last week, the CME Group added XRP futures to its largest derivatives speech successful the U.S. for motorboat adjacent month, alongside BTC, ETH, and SOL products.
The flurry of ETFs tracking XRP comes aft intimately related institution Ripple’s long-standing tribunal conflict against the SEC, which was fully concluded successful March, clearing extended regulatory headwinds for the tokens.
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