- SEC Approves ProShares XRP ETFs for April 2025.
- Amendment Sets Official Launch Date for ETFs.
- ProShares XRP ETFs Offer Leveraged Price Exposure.
The U.S. Securities and Exchange Commission (SEC) has officially approved the launch of ProShares Trust’s XRP-related exchange-traded funds (ETFs), marking a significant milestone for the digital assets sector. According to a recently filed Form N-1A, the effective date for the launch is set for April 30, 2025, and will feature several XRP-focused ETFs.
Amendment Updates Launch Date for ProShares ETFs
The update in the SEC filing pertains to an amendment regarding the ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF. The amendment’s purpose is to make the launch date officially begin on April 30.
ProShare Advisors LLC, located in Bethesda, Maryland, is the investment advisor for ProShares Trust and provides its main executive offices in the same location. ProShare Advisors designates Richard Morris as the agent for service and has legal counsel from Dechert LLP in New York.
ProShares Trust’s launch of this product is a strategic expansion of its geographic reach into the digital asset market to broaden its wide array of cryptocurrency-linked investment products. We did a job structuring the ETFs in a mutual fund framework, and they are compliant according to the Securities Act and the Investment Company Act of 1940.
ProShares XRP ETFs Offer Leveraged Price Exposure
The filing confirms that no effectiveness was sought in the filing, and instead, the SEC chose April 30, 2025, as the official launch date for the ETFs.
With the XRP ETFs, ProShares will also provide leveraged and inverse exposure to XRP’s price fluctuations, giving investors another regulated financial product to access the popular cryptocurrency.
It is the launch date, and market participants are waiting for a significant step for US-regulated market investment vehicles focusing on XRP.
