ProShares has received a significant boost by securing tacit approval from the U.S. Securities and Exchange Commission (SEC). The firm intends to launch three futures-based funds that will track the price of Ripple’s XRP token this week.

This milestone could pave the way for increased institutional interest in XRP, demonstrating confidence in the cryptocurrency space. As ProShares rolls out these new ETFs, all eyes will be on XRP’s market reaction.

Investors are excited about the potential for mainstream adoption. The introduction of these ETFs represents a critical step toward legitimizing cryptocurrencies in mainstream finance. The crypto community looks forward to the developments ahead.