XRP ETF Momentum Grows as ProShares, Teucrium Lead Launches

ProShares is set to launch three XRP ETFs, according to recent filings: an Ultra XRP ETF offering 2x leverage, a Short XRP ETF, and an Ultra Short XRP ETF with -2x leverage. However, progress on a spot XRP ETF remains pending. Meanwhile, the SEC has formally acknowledged several spot XRP ETF applications, with Grayscale’s filing facing a key May 22 deadline.

The surge in XRP ETF activity follows Teucrium’s launch of the first XRP ETF in the U.S. earlier this month. Teucrium’s 2x XRP ETF recorded over $5 million in trading volume on its debut, marking the firm's most successful ETF launch to date.

Adding to the momentum, CME Group announced plans to introduce XRP futures contracts on its major U.S. derivatives exchange next month, alongside futures for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

The wave of XRP-focused products arrives shortly after Ripple, the company closely associated with XRP, concluded a lengthy legal battle with the U.S. Securities and Exchange Commission (SEC) in March. The resolution eliminated significant regulatory uncertainty around XRP, paving the way for increased institutional adoption and new financial products.

The growing interest in XRP ETFs and futures highlights rising investor confidence in XRP’s regulatory clarity and its expanding role within U.S. financial markets.