The United States Securities and Exchange Commission (US SEC) approved the launch by Proshares of the Stock Exchange by Proshares (ETF) on April 30, said the company in a file with the SEC. Here is everything you need to know about XRP, the Maker Ripple du Token, how FNB FET will work and other details.
When did the XRP ETF propose?
Proshares, which already offers Bitcoin ETF, proposed in January the formation of three ETFs XRP – the ETF Ultra XRP (with a lever effect 2x), the short ETF XRP (with a reverse lever effect (-1x)), according to a report by cryptoslate.
FNB XRP Futures of Proshares will follow the XRP price on the XRP index, added the report.
The proposal of January 17, 2025 came following the election of the American president “convivial crypto”, Donald Trump, said.
Are these first ETFs linked to XRP?
No, the ETF XRP of Téucrium began to negotiate on the New York Stock Exchange on April 8.
Meanwhile, Proshares also asked for an XRP ETF, which is pending for approval with the United States dry. A similar product from Hashdex – the first ETF XRP in the world – was approved in Brazil last week.
In addition, CME Group is expected to launch XRP’s term contracts on May 19, “aimed at exploiting the growing interest in tokens other than bitcoin and ether,” said the company, in accordance with a reuters report.
Besides XRP, the ETF linked to the crypto already exist for Bitcoin, Ethreum and Solana.
What are the FNBs in the long term? How will it work?
An ETF based on term contracts offers exposure to the prices of the XRP term contracts and, unlike an ETF Spot, would allow users to place bets on the price of XRP without buying the token.
Why is it an important development?
The launch of these ETF XRP offers users a “regulated” route to make profits from XRP tokens and could open the way for institutional interest. The movements are already positive. In particular, after the deployment of their ETF products, Solana and XRP experienced increased interests on the part of institutional investors, added the Reuters report.
The XRP price reached $ 2.28, up more than 6.35% during early commercial on April 28, according to data in CoinmarketCap. Its market capitalization is 131.06 billion dollars, up 2.67% in the last day, with a commercial volume of $ 3.92 billion – zoomé of 53.58% in the last 24 hours!
In particular, although the rest of the Top 10 in CoinMarketCap, including Bitcoin, in the red today, XRP is the only green. At the time of writing, the Bitcoin price is today at $ 93,081.91, down 1.79% compared to the day before, with a market capitalization of 1.84 dollars and a volume of $ 17 billion.
How to buy FNB FUTURES FNB Proshares?
- Choose a broker that supports ETF trading (like Robinhood, TD Ameritrade).
- Place the funds and wait for the ETF list on April 30.
- On April 30, search for the Proshares XRP ETF code, place your order, buy.
Who is behind the FUTURE FNB XRP? About Proshares & Ripple
According to the official website of Proshares, the company offers ETF products since 2006. It has also described itself as having “one of the largest ranges of FNB, with more than $ 70 billion in assets”.
Proshares claims to be a leader of “growth of cryptocurrency dividends, dividends, ETF investment strategies (leveraged and reverse)”.
In particular, XRP is the native token of Ripple Labs. The cryptographic company has been engaged in a regulatory battle with the American sec since 2020 for an alleged sale of unregistered titles. The civil trial was settled in March 2025. At the time, the XRP token jumped by 10% almost $ 2.5.
In an article on X, the CEO of Ripple, Brad Garlinghouse, described the end of the case of the dry against his business a “resounding victory” and “rendering for a long time”.
(With agency entries)
