ProShares Launches Three XRP ETFs with Leveraged Structure: What Does This Mean?

The U.S. Securities and Exchange Commission (SEC) has given the green light for three new XRP exchange-traded funds (ETFs) from ProShares, scheduled to launch on April 30, 2025. However, these offerings will differ from traditional spot ETFs by utilizing derivatives rather than direct custody of the cryptocurrency. This approach has raised eyebrows among analysts like Nate Geraci who noted that this is not a spot XRP ETF. Instead, it will leverage XRP exposure through various leveraged and inverse ETFs.