Latest news with #ShortXRPETF
Business Upturn
06-05-2025
- Business
- Business Upturn
WiseCryptoNews Portal Launches While Polymarket Puts XRP ETF Approval Odds at 79%
Dubai, UAE, May 05, 2025 (GLOBE NEWSWIRE) — WiseCryptoNews has unveiled its platform built to track the most important developments across digital assets, offering readers a clearer view of shifting sentiment in real time. With the The XRP ETF approval debate heating up, the need for sharper insight into how crypto markets, narratives, and regulation cannot be over emphasized. Case in point: decentralized prediction platform Polymarket now puts the odds of a spot XRP ETF gaining SEC approval by the end of 2025 at 79%, up from 65% just a few weeks ago. The jump reflects growing optimism in the asset's regulatory outlook and renewed momentum across the broader altcoin ETF conversation. XRP ETF Approval Odds Jump to 79% as Market Confidence Grows Polymarket's data shows this confidence hasn't wavered much recently. Over the last 24 hours, the forecast has stayed in a tight range between 77% and 79%, suggesting that market participants see a real possibility of the XRP ETF becoming a reality before the year is out. This optimism is part of a broader trend in 2025, where interest in altcoin ETFs is climbing alongside improvements in regulatory clarity XRP ETF approval odds. Source: Polymarket One major factor fueling this momentum is the developing relationship between Ripple Labs and the US Securities and Exchange Commission (SEC). In March 2025, the SEC officially dropped its longstanding lawsuit against Ripple, removing a major legal overhang that had clouded XRP's future for years. With that out of the way, attention has shifted to the potential launch of a regulated XRP ETF — a move that would allow both institutional and retail investors to gain exposure to XRP through traditional financial markets. While a spot XRP ETF hasn't been approved yet, there has been significant movement on the futures side. The SEC recently signed off on three XRP futures-based ETFs from ProShares: the Ultra XRP ETF (2x leverage), Short XRP ETF (-1x leverage), and Ultra Short XRP ETF (-2x leverage). However, despite initial reports of an April 30 launch, ProShares clarified there was no ETF rollout on that date. The firm has since filed an update proposing May 14, as the new target — though this remains tentative and dependent on final SEC approval. It's important to note that futures-based ETFs don't offer direct exposure to XRP itself. Instead, they track price movements through contracts, which can be useful for short-term speculation but lack the direct market linkage that spot ETFs provide. A spot XRP ETF would hold the underlying asset, offering a clearer and potentially less volatile route for long-term investors. Several major asset managers, including Franklin Templeton, Grayscale, 21Shares, Bitwise, and WisdomTree, have pending applications for spot XRP ETFs. The SEC recently delayed its decision on Franklin Templeton's application to June 17, a procedural move that analysts say is common and not necessarily a sign of rejection. As interest builds, analysts are weighing in on what an XRP ETF could mean for the market. Standard Chartered has projected that a US-based XRP ETF could attract as much as $8.3 billion in inflows, potentially driving XRP's price to $8 by 2026. 'Of the US spot ETFs approved so far, NAV as a percentage of market cap is 3% for Ethereum and just under 6% for Bitcoin. At current XRP market cap, that would imply a range of $4.4 billion to $8.3 billion as a future total NAV measure for an XRP ETF, which seems like a reasonable target range for inflows in the first 12 months,' Standard Chartered's head of digital assets research Geoff Kendrick said. On the other hand, analysts at Bitfinex are more cautious, suggesting that while an XRP ETF would be a major step, inflows might not match those seen with Bitcoin ETFs due to broader investor preferences. At the time of writing, XRP is trading around $2.20, with a 24-hour trading volume of $2.14 billion. Though the token's price has dipped slightly in the last day, the market remains focused on regulatory cues. The SEC's next closed meeting is set for May 8, and speculation is mounting that further updates on Ripple or the XRP ETF applications could emerge from it. All signs point to a shifting landscape for crypto ETFs in the US. While the final word on a spot XRP ETF is still pending, the odds — both in the market and among analysts — continue to move in its favor. Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
28-04-2025
- Business
- Yahoo
ProShares Set To Launch 3 Leveraged and Short XRP Futures ETFs on April 30 After SEC Review
ProShares is launching three new futures-based XRP ETFs on April 30, 2025, after receiving tacit approval from the U.S. Securities and Exchange Commission (SEC). These funds, which include the Ultra XRP ETF (offering 2x leverage), Short XRP ETF, and Ultra Short XRP ETF (offering -2x leverage), track the price of Ripple's XRP token but do not hold the asset directly. The SEC did not object to the funds during the review period, allowing ProShares to proceed with the launch. The announcement follows the earlier launch of Teucrium Investment Advisors LLC's XRP ETF, which became the first XRP-focused ETF in the U.S. earlier this month. Teucrium's fund also provides leveraged exposure to XRP without directly holding the token, marking a new milestone in the crypto investment space. Bloomberg's Senior ETF Analyst Eric Balchunas noted the unusual nature of a new asset's first ETF being leveraged, especially since a spot XRP ETF has not yet been approved. The new ProShares ETFs will provide investors with leveraged and inverse exposure to XRP's price movements. However, unlike spot ETFs, these funds track XRP's futures contracts, meaning they don't directly involve holding the asset. ProShares initially proposed these funds in January 2025 and received approval after the SEC's review period, which did not include any objections. Along with ProShares, CME Group recently announced it would list XRP futures on its U.S. derivatives exchange, expanding its offerings to include products based on XRP, alongside Bitcoin, Ethereum, and Solana futures. The CME's XRP futures will feature two contract sizes and be settled in cash daily. This reflects growing institutional interest in XRP as a tradable asset in regulated markets. ProShares' ETFs are part of the firm's broader strategy to introduce cryptocurrency investment products within the U.S. regulated financial landscape. While the SEC has yet to approve any spot XRP ETFs, ProShares' application for a spot fund remains under review, alongside similar proposals from other asset managers like Grayscale, 21Shares, and Bitwise. Despite the regulatory uncertainties around spot XRP ETFs, ProShares is moving forward with these futures-based funds, expected to be the second, third, and fourth XRP ETFs available in the U.S. market. This launch is a significant step for ProShares, reflecting the firm's push into the digital asset sector, which has gained increasing attention from retail and institutional investors alike. The launch of these funds is expected to provide more options for those seeking exposure to XRP's price movements through regulated products, while the market waits for a decision on spot-based ETFs. XRP's price, currently trading around $2.23, has risen by about 1.1% over the past 24 hours, as market participants prepare for the April 30 launch.
