As investors await the launch of ProShares XRP ETFs, Ripple ($XRP) has shown a surge of over 2.5%. On Saturday, April 26, XRP gained 0.42%, a figure in stark contrast to Friday’s 1.03% loss to close at $2.1916.
ProShares XRP ETF- The Gamechanger for Ripple?
However, following the XRP ETF news $XRP has yet again shown a significant change. ProShares is set to introduce three XRP Futures Exchange-Traded Funds (ETFs) on Wednesday, April 30. The new offerings, ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF, will allow investors to gain exposure to the price movements of XRP without directly holding the crypto.
Market analysts suggest that these futures ETFs could serve as a precursor to the eventual approval of spot XRP ETFs.
Ripple Surges Post ProShares XRP ETF News
Ripple has witnessed a slight surge , thanks to the ProShares XRP ETF- effect. As of this writing, $XRP is trading at 2.2563, after a jump of over 2.5%. The 24 hour market volume has also gone up by a whopping 53% to $3.87 billion. The market cap has reached $132.19 billion.
XRP Spot ETF Launch Remains Uncertain
It is important to note, however, that these products are futures-based and do not represent ‘spot’ market exposure, which many crypto investors continue to await.
Not spot. https://t.co/vu97Ju6NYy
— Eleanor Terrett (@EleanorTerrett) April 27, 2025
As the conversation around $XRP ETFs is still fresh, legal developments in the ongoing SEC vs. Ripple cases are emerging as pivotal to the potential approval of an ‘XRP spot ETF’. It is yet to be seen if the US Securities and Exchange Commission (SEC) will formally withdraw its appeal and seek to resolve issues with Ripple Labs.
According to court filings, the SEC is expected to request that Judge Analisa Torres lift the injunction currently prohibiting XRP sales to institutional investors. Additionally, the regulator will ask the court to reduce the $125 million civil penalty imposed on Ripple in the settlement agreement.
Ripple’s Chief Legal Officer, Stuart Alderoty, recently confirmed that both parties have reached a resolution: “The SEC agreed to drop its appeal without conditions. Ripple has now agreed to drop its cross-appeal. The SEC will keep $50 million of the $125 million fine—already held in an interest-bearing escrow account—with the remainder returned to Ripple.” Alderoty also noted the SEC’s intent to request the lifting of the previously imposed injunction.
Ripple CEO Brad Garlinghouse elaborated on the process, explaining that while an agreement has been reached with SEC staff, formal approval still requires a vote from the SEC Commissioners.
If Judge Torres grants the SEC’s forthcoming motion, Ripple will then withdraw its cross-appeal, and the SEC will officially end its challenge of the court’s ruling on Ripple’s programmatic XRP sales. This resolution could even pave the way for the long-anticipated approval of an XRP spot ETF.
Also Read: Ripple’s XRP Gets a Boost as CME Adds It to Futures Suite
