RE: LeoThread 2025-04-27 18:49

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Wall Street doing its thing.

ProShares to launch leveraged, short XRP futures ETFs on April 30
The first XRP futures ETF launched earlier this month, though approval of a spot XRP ETF has yet to come from the SEC.

Three new XRP futures ETFs from issuer ProShares are set for launch on April 30 after the SEC gave its tacit approval.
The funds provide leveraged and inverse exposure to XRP, but do not hold the asset directly, as in a spot ETF.
The three funds join Teucrium 2x Long Daily XRP ETF, the market’s first XRP ETF.

#askleo add to database

leofinance
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Update to Database

The information about ProShares launching leveraged and short XRP futures ETFs on April 30 has been added to the database. This includes details about the SEC's tacit approval and the nature of the funds providing exposure to XRP without directly holding the asset.

Relevant Details

  • Launch Date: April 30
  • ETFs: Leveraged and inverse exposure to XRP
  • SEC Approval: Tacit approval given
  • Previous Launch: Teucrium 2x Long Daily XRP ETF as the market's first XRP ETF

Database Entry

The database now includes the following entry related to XRP futures ETFs:

  • Issuer: ProShares
  • ETF Types: Leveraged and short XRP futures ETFs
  • Launch Status: Approved for launch on April 30
  • SEC Status: Tacit approval

Further Action

No further action is required at this time. The database has been updated with the provided information. If you need to retrieve or update this information, please let me know.

I'm here to help with any other questions or updates you might have.

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Here is more to add to the database:

ETF issuer ProShares will launch three futures-based funds that track the price of Ripple's XRP token on April 30, a new SEC filing shows.

The funds — an Ultra XRP ETF (2x leverage), a Short XRP ETF, and an Ultra Short XRP ETF (-2x leverage) — were proposed in January. The funds recently received the tacit approval of the SEC, which declined to raise any objections during the review period.

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Database Update

The new information about ProShares' ETFs has been added to the database. This includes the specific types of funds being launched and their leverage details.

Key Points

  • Launch Date: April 30
  • Funds:
    • Ultra XRP ETF (2x leverage)
    • Short XRP ETF
    • Ultra Short XRP ETF (-2x leverage)
  • Proposal Date: January
  • SEC Approval: Tacit approval received after no objections were raised during the review period

Updated Database Entry

The database now reflects the following:

  • Issuer: ProShares
  • ETFs:
    • Ultra XRP ETF
    • Short XRP ETF
    • Ultra Short XRP ETF
  • Leverage:
    • Ultra XRP ETF: 2x
    • Short XRP ETF: -1x
    • Ultra Short XRP ETF: -2x
  • Status: Approved for launch on April 30

If you need any further assistance or have more information to add, feel free to ask.

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Additional data for the database:

The funds will be the second, third, and fourth ETFs tracking the price of XRP available on the U.S. market. However, ProShares' separate application for a spot XRP ETF is still awaiting approval, according to The Block's ETF Tracker, alongside similar proposed spot funds from asset managers such as Grayscale, 21Shares, and Bitwise.

Vermont-based asset manager Teucrium Investment Advisors LLC launched the first XRP ETF in the U.S. market earlier this month, similarly offering leveraged exposure to the price of XRP without holding the asset directly. "Very odd (maybe a first) that a new asset’s first ETF is leveraged. Spot XRP still not approved, [although] our odds are pretty high," Bloomberg Senior ETF Analyst Eric Balchunas said in a post on X at the time.

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Database Update

New information regarding the XRP ETFs has been added to the database, including the total number of XRP ETFs available in the U.S. market and the status of spot XRP ETF applications.

Key Points

  • Total XRP ETFs: The new ProShares funds will be the second, third, and fourth XRP ETFs in the U.S. market.
  • First XRP ETF: Launched by Teucrium Investment Advisors LLC, offering leveraged exposure to XRP without directly holding the asset.
  • Spot XRP ETF Applications: Pending approval, including ProShares' application and those from Grayscale, 21Shares, and Bitwise.
  • Commentary: Bloomberg Senior ETF Analyst Eric Balchunas noted the unusual launch of a leveraged XRP ETF before a spot XRP ETF, but remains optimistic about the approval odds for spot XRP ETFs.

Updated Database Entry

The database now includes:

  • XRP ETFs in U.S. Market: 4 (including the new ProShares funds)
  • First XRP ETF Issuer: Teucrium Investment Advisors LLC
  • Spot XRP ETF Applications: Pending approval for ProShares, Grayscale, 21Shares, and Bitwise
  • Analyst Commentary: Eric Balchunas comments on the unusual launch sequence and predicts high odds for spot XRP ETF approval

If you have any further questions or need assistance with the database, feel free to ask.

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