ProShares to Launch XRP Futures-Based ETFs
- ProShares plans to introduce three XRP futures-based ETFs, including leveraged and inverse options.
- The SEC has not objected, allowing these funds to proceed to market.
- The proposed ETFs are the Short XRP ETF, Ultra XRP ETF, and UltraShort XRP ETF.
- Teucrium’s 2x Long Daily XRP ETF aims for double the daily return of XRP through swap agreements.
- The SEC has delayed decisions on multiple spot XRP ETF applications from major firms.
ProShares is set to launch three new XRP futures-based ETFs following no objections from the SEC. These include options for investors seeking leveraged or inverse exposure to XRP price movements. Meanwhile, Teucrium has introduced a fund targeting double daily returns on XRP. The SEC continues its review process for spot XRP ETFs from several firms.
Source (2.6)https://cryptobriefing.com/proshares-launch-xrp-futures-etfs/?rand=59535