ProShares Set to Launch 2X Leveraged XRP Futures ETF Next Week

ProShares is set to debut a futures-based XRP ETF with 2X leverage in the U.S. as early as April 30, 2025. The firm had previously targeted this date, and with no formal objection from the U.S. Securities and Exchange Commission (SEC) during the review period, the launch now appears imminent. Alongside the leveraged product, ProShares also plans to introduce short and ultra-short leveraged XRP ETFs, offering investors expanded strategies to gain exposure to XRP price movements.

Unlike spot ETFs, futures-based crypto ETFs do not require explicit SEC approval. Instead, they automatically go into effect if no opposition arises within a designated timeframe. The filing indicated April 30 as the effective date. ProShares Trust, headquartered in Bethesda, Maryland, with ProShare Advisors LLC as the investment advisor and legal support from Dechert LLP, is leading the launch. Richard Morris of ProShare Advisors is named as the agent for service.

This move marks a significant step for ProShares in the digital assets sector, building on its mission to offer a broader range of crypto-linked investment products. The ETFs are structured under a mutual fund framework and registered under the Securities Act and the Investment Company Act, providing a regulated vehicle for traders seeking leveraged exposure to XRP.

While many in the crypto community still await a true spot XRP ETF, this development is a notable advancement for XRP investment opportunities within the regulated U.S. market. Investors are closely watching the April 30 launch, anticipating its potential impact on XRP trading dynamics.