ProShares is at the forefront with three XRP futures ETF proposals, all pending regulatory greenlights. Particularly, the ETF issuer is planning to launch three XRP futures ETFs, aiming for a July 14 debut, following an April postponement.
The products, the Ultra XRP ETF, UltraShort XRP ETF, and Short XRP ETF, had initially been postponed but are now back on track, as confirmed by the SEC’s acknowledgement of their filings. These ETFs are designed to give both long and inverse exposure to XRP price movements.
Unless the SEC raises objections before the deadline, ProShares expects to move forward with all three ETFs on July 14. If approved on schedule, ProShares could set a precedent for futures-based XRP investment products in the United States, making this date the first critical checkpoint in the July ETF rush.
The second wave arrives on July 21, with two issuers entering the spotlight. Volatility Shares is preparing to launch its 2X XRP ETF, which aims to provide an amplified 2x exposure to XRP’s daily price movements. July 21 also marks the first listing and trade day for Volatility Shares’ standard XRP ETF. Simultaneously, Tuttle Capital is aiming to bring its 2X Long XRP Daily Target ETF to market. According to filings and updates, both firms have received SEC acknowledgment, with the necessary forms filed and effective for launch by the target date.
