On April 27, 2025, Cointelegraph reported exciting news. ProShares Trust plans to launch three XRP exchange-traded funds (ETFs) on April 30, 2025. This comes from a filing with the U.S. Securities and Exchange Commission (SEC).
XRP is a cryptocurrency made by Ripple Labs. It helps move money across borders quickly and cheaply. However, approval remains pending. The launch isn’t certain yet. The SEC could still say no to the plan. These ETFs use futures contracts to follow XRP’s price, not the coin itself.
What Are These XRP ETFs?
ProShares is bringing out three new ETFs tied to XRP. They’re set to start trading on April 30, 2025, if the SEC agrees. Here’s what they are:
- ProShares UltraShort XRP ETF: This provides –2× the daily inverse of XRP’s price movement. If XRP drops, it aims to gain.
- ProShares Ultra XRP ETF: This tries to double XRP’s daily gain (2x). If XRP rises, it rises more.
- ProShares Short XRP ETF: This matches the opposite of XRP’s daily move (-1x). It’s a simpler bet against XRP.
These aren’t like spot ETFs that hold XRP directly. Instead, they use futures contracts and swaps. Futures are deals to buy or sell something later at a set price. This lets people bet on XRP’s price without owning it. But it’s not perfect. Sometimes, the ETF price won’t match XRP’s price exactly. That’s called a tracking error.
XRP itself is built for speed. Banks and companies use it to send money worldwide with low fees.
XRP’s Price Right Now
On April 27, 2025, XRP sits at about $2.22. Its market value is around $128 billion, says CoinMarketCap. In the last month, XRP’s price swung between $1.79 and $2.55. That’s normal for crypto. Here’s a quick look at its daily prices and trading volumes from April 17 to April 26, 2025:
| Date | Price (USD) | Volume (USD) |
|---|---|---|
| Apr 26, 2025 | 2.1932 | 2,524,845,629 |
| Apr 25, 2025 | 2.1831 | 3,279,550,205 |
| Apr 24, 2025 | 2.2045 | 4,208,222,195 |
| Apr 23, 2025 | 2.2174 | 5,013,426,739 |
| Apr 22, 2025 | 2.2155 | 4,054,022,421 |
| Apr 21, 2025 | 2.0855 | 2,746,051,225 |
| Apr 20, 2025 | 2.0770 | 1,733,159,089 |
| Apr 19, 2025 | 2.0873 | 1,445,648,293 |
| Apr 18, 2025 | 2.0635 | 1,886,497,381 |
| Apr 17, 2025 | 2.0664 | 2,467,503,712 |
The ETF news didn’t push XRP’s price way up. It climbed 6% in ten days, from $2.0664 to $2.1932. That’s a small bump. Futures ETFs don’t buy XRP directly, so they don’t shake the market as much.
How Could This Change XRP?
These ETFs might shake things up for XRP. Here’s how:
- More Trust: ETFs are regulated. That could pull in big investors who skip crypto trading. More trading could mean more action in XRP’s market. Look at the Teucrium 2x Long Daily XRP ETF—it did well when it started.
- Price Ripple: These ETFs use futures, not XRP itself. But if lots of people buy them, futures prices might rise. That could nudge XRP’s real price.
- Rules Getting Friendlier: ProShares filing shows crypto might be gaining ground with regulators. Ripple won some court cases against the SEC. XRP isn’t a security in some cases now. That’s a confidence boost.
- Good Vibes: The crypto market is hot. The U.S. government likes crypto more now. That could lift XRP.
Still, futures ETFs won’t hit XRP’s price as hard as spot ETFs would. Spot ETFs lock up coins. These don’t.
Other XRP ETFs Out There
ProShares isn’t alone. By March 2025, nine companies filed for XRP ETFs, mostly spot ones. CoinShares wants a spot ETF that holds XRP, per an SEC filing. Those wait for approval by October 2025. ProShares’ futures ETFs could hit first.
Price Guesses
Experts see XRP growing in 2025:
- Changelly: $1.45 to $4.78, maybe peaking in April.
- Standard Chartered: $5.50 in 2025, up to $12.50 by 2028.
- InvestingHaven: $1.82 to $4.41, aiming for $9 by 2027.
ETFs and clear rules could fuel this. Futures ETFs might help less than spot ones, though.
Risks to Watch
These ETFs aren’t risk-free:
- Tracking Trouble: Futures can mess up and not follow XRP’s price right.
- Big Swings: Leveraged ETFs like Ultra and UltraShort can win big or lose big.
- Rule Changes: The SEC still fights Ripple in court. That could hurt XRP.
- Wild Market: XRP’s price jumps a lot. That’s risky.
What’s Next?
If ProShares’ ETFs launch, they could spark more crypto products. Spot ETFs later might cut XRP’s supply and boost its price more. This move ties XRP closer to regular finance. That could help it grow long-term. Keep watching the SEC and the market.
