ProShares to Launch XRP Futures ETF, Signals Potential for Spot-Based Approval

ProShares has confirmed its plan to launch an XRP futures exchange-traded fund (ETF) on April 30th. While awaiting market approval, this move signals the potential for a more rapid future spot product rollout. The fund will focus on derivatives linked to XRP but won’t directly invest in tokens themselves. ProShares pioneered ETF development in Bitcoin futures in 2021 and faces the challenge of a possible delay with XRP’s spot-based ETF, which may become quicker.