The cryptocurrency market is experiencing a wave of institutional interest in XRP with multiple asset managers filing for exchange-traded funds (ETFs). Notably, ProShares, known for its innovative financial products, has submitted an application for a futures-based “Short XRP ETF,” aiming to launch by April 30, 2025. This would offer investors exposure to XRP through regular brokerage accounts without direct asset ownership. The filing signifies a major shift in how institutional investors are approaching XRP. Data from Kaiko Research shows XRP leads all altcoins with 10 active ETF filings, demonstrating significant liquidity and demand for the cryptocurrency. Analysis suggests this could significantly boost XRP’s visibility and credibility within traditional finance circles.