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XRP Surges 5% as ProShares Gets SEC Greenlight for Three XRP ETFs

Twitter icon  •  Published 5 hours ago on April 28, 2025  •  Hassan Maishera

XRP outperformed the other major cryptocurrencies after adding 5% to its value as the SEC approved ProShares’ three XRP ETFs.

XRP Surges 5% as ProShares Gets SEC Greenlight for Three XRP ETFs

TL;DR

  • XRP is the best performer among the top 10 cryptocurrencies by market cap, up 5% in the last 24 hours. 

  • The U.S. SEC has approved three new XRP-tracked ETFs by ProShares.

SEC Approves Three XRP ETFs as XRP Surges by 5%

XRP, the native coin of the Ripple ecosystem, is the best performer among the top 10 cryptocurrencies by market cap. It added 5% to its value in the last 24 hours and now trades at $2.27 per coin.

This rally comes after exchange-traded funds (ETF) issuer ProShares announced that it will introduce three XRP-tracked products this week after a tacit U.S. Securities and Exchange Commission (SEC) approval.

The SEC filing revealed that ProShares will launch an Ultra XRP ETF (2x leverage), a Short XRP ETF, and an Ultra Short XRP ETF (-2x leverage). However, the SEC has yet to approve the spot XRP ETF filings.

This latest approval comes roughly a week after the CME Group added XRP futures to its largest U.S. derivatives exchange, alongside BTC, ETH, and SOL products. Furthermore, Teucrium’s 2x XRP ETF started trading earlier this month, becoming the first XRP ETF in the United States.

 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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