Hold onto your digital wallets, folks! The U.S. Securities and Exchange Commission (SEC) just gave a big thumbs-up to the first-ever XRP futures-based ETF. If you blinked, you missed the $30 million whirlwind of trading that went down in just 30 minutes. It’s like Black Friday, but for crypto nerds and without the elbow-throwing.
Investors are busting out their pom-poms, buzzing that this is the start of a bullish parade for XRP. ProShares is gearing up to launch these shiny new ETFs on April 30, 2025, and the market hype train is already chugging at full speed.
XRP Futures ETF Gets SEC’s Stamp, Investors Start Doing the Happy Dance
ProShares just got the green light to roll out not one, not two, but three different XRP futures ETF flavors: the ProShares XRP Strategy ETF, the ProShares Short XRP Strategy ETF (for you contrarians), and the ProShares XRP Blend Strategy ETF. Basically, choose your weapon to play the XRP price game without actually owning the coin—because who wants to deal with digital wallets, right?
Market guru John Squire weighed in, saying the real party starts when a Spot XRP ETF gets the nod—which, spoiler alert, hasn’t happened yet. But hey, baby steps. Ripples of excitement ripple through the XRP crowd as ProShares preps the launch.
XRP Price Charts: Bulls Are Wearing Party Hats
Right after the SEC news dropped, XRP prices perked up faster than a cat spotting a laser pointer. Analyst Ali spotted an “inverse head and shoulders” pattern (sounds fancy, but it’s basically chart-talk for “look out, maybe more money incoming”) targeting $2.70 to $2.90.
World of Charts threw in their two cents, saying, “XRP just gave a 4x bullish rally and is now cozying up in a tight range, probably binge-watching Netflix before its next breakout.” They’re eyeing the $5 mark like it’s the last slice of pizza.
All this chart action means traders are gearing up for the ETF launch and potentially more SEC drama. It’s like crypto’s version of waiting for the next season of your favorite show—full of hype and speculation.
Spot XRP ETFs: The Waiting Game Continues
The SEC hasn’t quite RSVP’d to the Spot XRP ETF party yet. Applications are hanging out in limbo, with dates to watch from May to October 2025. Bitwise, Grayscale, and 21Shares Core have their invites lined up for May; WisdomTree, CoinShares, and Franklin Templeton are playing the patience game till October.
One savvy commenter, Reckamech, suspects the SEC might drop ALL approvals on the same day, killing any first-mover bragging rights. Crypto Eri agrees, calling it “a very good point” — lawyers sure know how to keep things interesting.
Adding fuel to the fire, Teucrium’s latest exchange-traded products and CME Group’s plans to list XRP futures signal that Wall Street is flirting with XRP big time. It’s déjà vu all over again with Bitcoin and Ethereum—futures first, then the shiny Spot ETFs.
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2025-04-28 19:41