“The Proshares Management Company has announced the launch of three futures stock exchange funds based on Ripple token. The start of the trading is scheduled for April 30. The company filed an updated application for SEC on April 15, and the regulator did not express objections during consideration. New funds allow you to access your credit shoulder or open short positions on XRP, but do not have an asset directly, as the ETF spokes do. To the product product line […]”, – WRITE: Businessua.com.ua
The Proshares Management Company has announced the launch of three futures stock exchange funds based on Ripple token. The start of the trading is scheduled for April 30.
The company filed The updated application for SEC on April 15, and the regulator did not express objections during consideration.
New funds allow you to access your credit shoulder or open short positions on XRP, but do not have an asset directly, as the ETF spokes do.
The Proshares Product Products will enter:
- Ultra XRP ETF – a long position with a shoulder 2x;
- Short XRP ETF – short position;
- Ultra Short XRP ETF is a short position with a shoulder 2x.
At the same time, a separate application Proshares is still under review by SEC, along with similar proposals from 21shares, bitwise and Coinshares, according to The Block.
At the time of writing, the XRP token is traded at $ 2.33, adding 7% for the last day (Coingcko data).
15-minute XRP/USDT graph on Binance Exchange: TradingView.
Recall that on April 8, Teucrium Investment Advisors first in the United States introduced an XRP Futures ETF.
CME announced the launch of futures on token xrp from Ripple
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