ProShares Files for XRP ETF: A Step Towards Institutional Adoption of Digital Assets

ProShares has filed a proposal for an XRP-backed exchange-traded fund (ETF), potentially opening up significant investment opportunities in the digital asset market. This filing, according to prominent cryptocurrency commentator Amelie, signifies increasing institutional confidence in XRP’s regulatory landscape and signals a broader trend of mainstream acceptance for crypto beyond Bitcoin and Ethereum. ProShares, known for its pioneering work launching Bitcoin futures ETFs, believes this move demonstrates a growing belief in both XRP’s regulatory stability and long-term viability as an asset suitable for institutional investment.