ProShares has reportedly filed applications for three new exchange-traded funds (ETFs) focused on XRP, Ripple’s native token. These include leveraged and inverse ETFs, as well as an XRP futures ETF. The filings were reportedly submitted on Friday, January 17, coinciding with the final day of SEC Chair Gary Gensler’s tenure.
Expert’s Take On Inverse XRP ETF By ProShares
Bill Morgan, a lawyer known for his commentary on XRP-related matters, stated, “This is being widely reported and significantly on Gensler’s last day. ProShares has other Bitcoin and Ethereum ETFs. I cannot find an announcement by ProShares. Apparently, it has submitted applications for XRP leveraged and inverse ETFs and XRP futures ETFs.”
ProShares’ interest in launching XRP-focused ETFs highlights growing institutional attention on the asset. If approved, these ETFs would join the firm’s existing lineup, which includes Bitcoin and Ethereum products. XRP’s evolving role in the crypto ecosystem continues to make it a subject of interest for both institutional and retail investors.
This is being wide reportedly reported and significantly on Gensler’s last day. ProShare has other Bitcoin and Ethereum ETFs. I cannot find an announcement by ProShares. Apparently it has submitted applications for XRP leveraged and inverse ETFs and XRP futures ETFs. https://t.co/S2R1xKsft9
— bill morgan (@Belisarius2020) January 18, 2025
Moreover the chances of a spot XRP ETF approval also improved with this filing. Currently, Bitwise, Canary Capital, 21Shares, and WisdomTree are in the race for the launch of an XRP ETF this year.
What’s Next For XRP Price?
XRP has remained a focal point in the digital asset space, primarily due to its role in enabling fast, cost-effective international transactions. Its price trajectory has often been influenced by legal updates and increasing adoption of Ripple’s payment technology. Analysts anticipate further price growth for XRP by 2025, especially if the token secures regulatory clarity and strengthens its partnerships with financial institutions.
Technical indicators suggest potential short-term gains for XRP. Recent chart analysis highlights a “bull flag” pattern, often associated with the possibility of a price rally. Analysts estimate that XRP could achieve gains of up to 15% in the near future.
Despite these optimistic projections, certain factors could challenge XRP’s growth. Regulatory uncertainty, competitive pressures, and market volatility remain key risks. Some investors may also explore alternative opportunities with potentially higher returns.
Also Read: Ripple’s XRP Surges $3 Mark as Trump Unveils Pro-Crypto Plans
