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ProShares has received approval from the U.S. Securities and Exchange Commission (SEC) to launch three XRP-based exchange-traded funds (ETFs), offering new derivatives-inspired exposure to the cryptocurrency.
The three products recently became registered funds, per new regulatory filings, and are the Ultra XRP ETF (which grants 2x leveraged exposure), the Short XRP ETF (offering inverse returns), and the Ultra Short XRP ETF (offering -2x leveraged exposure).
The clearing of these approvals follows the settlement of Ripple Labs with the SEC after years of litigation that had earlier prevented the wider adoption of XRP in the mainstream financial services area.
While the SEC has given its nod to futures-based offerings, spot XRP ETFs are still under a cloud of uncertainty. With that, Grayscale’s spot XRP ETF application has a crucial decision deadline on May 22, 2025, that may set the stage for the next phase of XRP’s market development.
CME Group Makes Provision for XRP Futures
Teucrium debuted its 2x leveraged XRP ETF earlier this month, which became the firm’s most successful ETF launch yet, trading over $5 million on its first day of launch.
Adding to that momentum, the CME Group in recent days revealed it will offer XRP futures contracts, following the likes of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) on its marquee U.S. derivatives exchange, starting in May.
CME’s inclusion of XRP is likely to provide more liquidity and trading choices for retail and professional investors alike.
XRP Price
The Market Sentiment The announcement of MoneyTap’s upcoming small-value transactions was in the third week of October, and ever since the announcement, the market rumor mill has not stopped spinning with possible collaborations.
XRP is currently trading at $0.6275 as of April 28, 2025, representing a 1.2% gain in the last 24 hours. Market analysts attributed XRP’s relative price stability to reinvigorated investor confidence after what seemed to be regulatory clarity and the launch of institutional-grade products.
Despite the lack of action from the overall crypto market, XRP continues to draw solid trading volumes indicative of professional traders and strategic investors seeking new opportunities for yield and return outside of just Bitcoin and Ethereum.
XRP Price Prediction: 2025 And Beyond
New projections for XRP suggest that there is hope as long as ETF adoption gains steam and regulation of digital assets stabilizes internationally. Here’s an updated price prediction table for the XRP token, derived from reports published by FXStreet and Cointelegraph.
| Timeframe | Low Estimate | Average Estimate | High Estimate |
| Q2 2025 | $0.55 | $0.68 | $0.80 |
| Q4 2025 | $0.75 | $0.95 | $1.20 |
| End of 2026 | $1.10 | $1.50 | $2.00 |
| End of 2028 | $2.00 | $3.00 | $4.50 |
It is estimated that continued ETF inflows, but also more widespread adoption of blockchain technology and increasing use cases for XRP, will lead to a gradual price growth. Nonetheless, global works and macroeconomic trends will still be an important force.
XRP’s Institutional Potential Spot Mapped by Market Pros
In the filing, ProShares makes it clear that the new ETFs, if introduced, will serve as flexible services for investors seeking diversified digital asset strategies under regulation. Brad Garlinghouse, CEO of Ripple Labs, wrote on social media,
“Regulatory clarity paves the way for more digital (asset) adoption.”
Without mentioning the new products directly, the ETF movements seem to be alluded to in the tweet. Analysts at JPMorgan and Fidelity Digital Assets have argued that greater regulatory acceptance of XRP-linked products will contribute to XRP becoming a bridge currency for settlements in cross-border finance, payment solutions, and enterprise blockchain applications.
ProShares ETFs Beckon Increased Institutional XRP Adoption
The SEC’s approval of ProShares’ XRP futures ETFs is a key milestone in the evolution of the digital asset investment ecosystem.
The determination of ProShares and CME Group to rapidly expand XRP trading options indicates that XRP is establishing itself as a rival to Bitcoin and Ethereum in the regulated financial markets.
Although there is potential to use leveraged ETFs to one’s advantage, participants in the market should be aware of the rise in risk that comes with derivative products.
Multiple spot ETF applications are still pending, and with institutional interest only increasing, XRP’s place in this next phase of crypto adoption is looking more and more important.
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FAQs
1. What are the new ProShares XRP ETFs, and how do they function?
The new ProShares ETFs are leveraged and inverse XRP futures products that enable traders to efficiently gain exposure to both the rise and fall in XRP futures prices.
2. What does the SEC approving XRP ETFs mean for investors and the crypto market?
The SEC’s blessing of XRP derivative trading helps legitimize and normalize XRP trading, offering institutions more confidence, resources, etc., to trade (i.e., higher liquidity) and fostering market participation overall despite not actually owning XRP themselves, while sidestepping regulation concerns.
3. What are the risks of investing in leveraged XRP ETFs?
Leveraged ETFs Trade at their own risk with leveraged funds. They are more of a short-term play and must be closely watched to adequately control risk.
4. Will a spot XRP ETF be approved shortly after these futures ETFs?
Spot XRP ETFs are under review, with approval remaining far from clear. Regulators and coming deadlines, including a May 22 decision for Grayscale, may sway the results.
Glossary of Key Terms
1. Exchange-Traded Fund (ETF)
An exchange-traded investment fund, which invests in assets like stocks, commodities, or cryptocurrencies. That gives investors exposure without the need to own the underlying assets themselves.
2. Futures Contract
A binding contract to buy or sell a security at a specific price on a future date. Futures, in the context of crypto, can be used to speculate on the price of the asset.
3. Leveraged ETF
An ETF that seeks to multiply the return of its benchmark on a daily basis through the use of financial instruments. Twice Leveraged XRP ETF The 2x leveraged XRP ETF seeks to provide, on a daily basis, 2x the performance of XRP futures.
4. Inverse ETF
A variety of exchange-traded funds that aim to provide the opposite type of performance of an underlying asset or index. Reverse XRP ETFs make money when XRP prices fall.
5. SEC Approval
Permission is granted by the U.S. Securities and Exchange Commission to offer a financial product such as an ETF to the public after compliance with regulations.
6. Spot ETF
An ETF that holds the physical metal rather than futures contracts. A spot XRP ETF would hold actual XRP rather than derivatives.
7. CME Group
A global derivatives marketplace based in the US that provides futures and options products for various items, such as cryptos like Bitcoin, Ethereum, and recently approved XRP.
8. Ripple Labs
A global payment solutions-focused blockchain company. Ripple and XRP are tightly linked; however, the XRP ledger is decentralized in terms of the corporate entity of Ripple.
