XRP isn’t sitting on the sidelines anymore. On April 15, ProShares filed for a futures-based “Short XRP ETF,” with plans to launch as early as April 30, 2025.
It’s a big step that could open the door for investors to get in on XRP—without actually owning the token.
If it gets the green light, this ETF would let people trade XRP futures right from their regular brokerage accounts. It’s a simpler, more familiar option for both retail and institutional investors looking to tap into XRP through a regulated route.
And it’s not just ProShares making moves here—there’s a bigger shift happening. XRP now has more ETF filings than any other altcoin with 10 active applications, according to research from Kaiko. That’s more than Solana, Litecoin, or Dogecoin.
XRP also has the strongest liquidity among altcoins, which means there’s consistent buying and selling near its market price. That level of activity is something the SEC looks at when reviewing ETF approvals.
The filing came shortly after crypto analyst John Squire hinted at a possible settlement in the Ripple vs. SEC case. He said such a development could unlock a major move for XRP.
When ProShares filed their application soon after, Squire pointed to it as a sign of real momentum. In his words, XRP is no longer waiting to be recognized—it’s actively stepping into the spotlight.
Squire also noted that the SEC holds the next move. With new leadership in place, the regulator’s decision on the ETF could have a big impact on XRP’s future growth and how quickly it finds its place in traditional finance.
ProShares isn’t the only one getting involved. Other firms like Bitwise, 21 Shares, and CoinShares have also filed to offer XRP-based products. These filings make it clear—there’s growing interest from investors who want to tap into XRP, but through simpler and more secure options.
If the SEC signs off, these ETFs could give XRP a major boost in both visibility and trust among traditional market players. For now, everyone’s watching what happens on April 30.
Also Read: World’s 1st Spot Solana ETF To Go Live In Canada On April 16
