“The Funds Will Track Prices of XRP-Based Futures and Offer Traders a Way to Make Money On Longs and Shorts.”, – WRITE: www.coindesk.com
- Proshares Is Set to Launch Three New Xrp-Tracked etfs Following Tacit Approval from the Sec.
- The New etfs Include an Ultra XRP ETF, A Short XRP ETF, and an Ultra Short Xrp Etf.
- This Development Follows the Conclusion of Ripple’s Legal Battle with the Sec, Clearing Regulatory Hurdles for XRP.
It Will Launch an Ultra XRP ETF (2x Leverage), A short xrp etf and an Ultra short xrp etf (-2x leverage), filings show. No Movement Has Been Made on Its Spot Xrp etf, However. Meanwhile, The Sec Has Acknowedredred Several Xrp Spot etf Applications SO Far, with Fund Manager Grayscale’s Filing Facing A Critical May 22 Deadline.
Proshares’ Approvals Come Weeks After Teucrium’s 2X Xrp etf Started Trading Earlier Its MONTH, BECOMING The FIRST XRP ETF IN THE Us IT Racked Over $ 5 Million in Trading Volmes on the FIRST DAY, BECE Launch to Date.
Last Week, The CME Group Added Xrp Futures to Its Largest Derivatives Exchange in the US for Launch Next Month, Alongside BTC, ETH, AND SOL PRODUCTS.
The Flurry of Etfs Tracing Xrp Comes After Closely Related Company Ripple’s Long-Standing Court Battle Against The Sec, Who Was Fully Concluded in March, Clearing Exteration Regolt.
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