Crypto news update: US SEC approves launch of XRP Futures ETFs on April 30: How to buy; all you need to know
The United States Securities and Exchange Commission (US SEC) has approved ProShares’ launch of XRP futures exchange-traded funds (ETFs) on April 30, the company said in a filing with the SEC. Here is all you need to know about XRP, the token’s maker Ripple, how the futures ETFs will work, and other details.
When was the XRP futures ETFs Proposed?
Proshares, which already offers Bitcoin ETFs, in January proposed the formation of three XRP linked ETFs — the Ultra XRP ETF (with 2x leverage), the Short XRP ETF (with inverse (-1x) leverage), and the Ultra Short XRP ETF (with inverse (-2x) leverage), according to a report by CryptoSlate.
ProShares’…
