ProShares Enters the Race for XRP ETFs, Aiming to Capture Institutional Interest

ProShares is seeking to capitalize on growing institutional interest by filing for Exchange-Traded Funds (ETFs) centered around XRP. This comes as the firm plans to launch a futures-based “Short XRP ETF” before April 30, 2025. ProShares’ move allows traditional investors to gain exposure to XRP without direct ownership, echoing growing institutional interest in this digital asset. This strategy is driven by two key factors: expanding DeFi applications and increasing institutional investments.