Crypto
Crypto news update: US SEC approves launch of XRP Futures ETFs on April 30: How to buy; all you need to know | Stock Market News
The United States Securities and Exchange Commission (US SEC) has approved ProShares’ launch of XRP futures exchange-traded funds (ETFs) on April 30, the company said in a filing with the SEC. Here is all you need to know about XRP, the token’s maker Ripple, how the futures ETFs will work, and other details.
When was the XRP futures ETFs Proposed?
Proshares, which already offers Bitcoin ETFs, in January proposed the formation of three XRP linked ETFs — the Ultra XRP ETF (with 2x leverage), the Short XRP ETF (with inverse (-1x) leverage), and the Ultra Short XRP ETF (with inverse (-2x) leverage), according to a report by CryptoSlate.
ProShares’ XRP Futures ETFs will track XRP price on the XRP Index, the report added.
The proposal on January 17, 2025, came in the wake of “crypto-friendly” US President Donald Trump’s election, it said.
Are These The First XRP linked ETFs?
No, Teucrium’s XRP futures ETFs began trading on the New York Stock Exchange on April 8.
Meanwhile, ProShares has also applied for a XRP Spot ETF, which is pending for approval with the US SEC. A similar product by Hashdex — the world’s first spot XRP ETF — was approved in Brazil last week.
Further, CME Group is set to launch XRP futures contracts tied on May 19, “aiming to tap into the growing interest in tokens other than bitcoin and ether,” the company said, as per a Reuters report.
Besides XRP, crypto-related ETFs already exist for Bitcoin, Ethreum and Solana.
What Are Futures ETFs? How Will These Work?
A futures-based ETF provides exposure to the price movements of XRP futures contracts and unlike a spot ETF, would allow users to place bets on XRP’s price without buying the token.
Why Is This a Significant Development?
The launch of these XRP ETFs offer users a “regulated” path to making profit from XRP tokens, and could pave the way for institutional interest. The moves are already positive. Notably, after their ETF products were rolled out, both Solana and XRP have seen increased interest from institutional investors, the Reuters report added.
XRP price rose to $2.28, up over 6.35 per cent during early trade on April 28, according to data on CoinMarketcap. Its market cap is at $131.06 billion, up 2.67 per cent over the past day, with trading volume of $3.92 billion — zoomed up by 53.58 per cent over the past 24 hours!
Notably, while the rest of the top 10 on CoinMarketCap, including Bitcoin, are in the red today, XRP is the sole green. At time of writing, Bitcoin price today is at $93,081.91, down 1.79 per cent over the previous day, with market cap of $1.84 trillion and volume of $17 billion.
How To Buy ProShares XRP futures ETFs?
- You cannot trade directly with ProShares, as per thier website. However, you can use a trading platform or brokerage that supports crypto ETFs such as Fidelity, Robinhood, Vanguard, and TD Ameritrade, among others.
- As per a Binance article, you can deposit funds with your broker of choice and then wait for the ETF listing on April 30.
- On April 30, search for the code of ProShares XRP ETF, place your order, and buy he ETF you want.
Who is Behind the XRP futures ETFs? About ProShares & Ripple
According to the official ProShares website, the company has offered ETF products since 2006. It also described itself as having “one of the largest lineups of ETFs, with over $70 billion in assets”.
ProShares claims to be a leader in “crypto-linked, dividend growth, interest rate hedged bond and geared (leveraged and inverse) ETF investing” strategies.
Notably, XRP is the native token of Ripple Labs. The crypto company has been engaged in a regulatory tussle with the US SEC since 2020 over alleged sale of unregistered securities. The civil lawsuit was settled in March 2025. At the time, the XRP token surged 10 per cent near $2.5.
In a post on X, Ripple CEO Brad Garlinghouse called the end of the SEC’s case against his company a “resounding victory” and “long overdue surrender”.
(With inputs from Agencies)
Hong Kong police are investigating an attack and robbery in which a man lost about HK$6 million (US$767,070) in cryptocurrency and silver.
The force said it received a report at 3.52am on Saturday that a 25-year-old mainland Chinese man was attacked by three men and a woman at a hotel near Man Lok Street in Hung Hom and robbed of cryptocurrency worth HK$5 million from his account.
The suspects later took the victim to another unit in an industrial building, where they seized silver items worth HK$1 million.
No arrests had been made so far and a manhunt was under way to track down the four suspects.
Bitcoin was barreling towards its best week in a month, but on Friday that momentum quickly dissipated. Since Wednesday, the largest cryptocurrency slumped roughly 7% to its current price of about $69,000, according to Binance. The downturn occurred following a lower than unexpected jobs report, spooking investors in the traditional stock market and in digital assets.
“The jobs number impacted all risk-on assets,” said Boris Alergant, head of strategic initiatives at Babylon. “During sell-offs like this, correlations tend to converge and assets move down in unison.”
The pullback for Bitcoin is part of a months-long slide for the crypto industry. Many expected the industry to flourish because of President Donald Trump’s friendly stance toward the sector. Yet, since October, the original cryptocurrency is down roughly 46% from its all-time high of $126,000.
Friday’s job report did not do the crypto industry any favors. Unemployment rose and jobs were cut more than expected. Other macroeconomic factors are weighing heavily on digital assets, namely the escalating conflict in the Middle East, which President Trump recently described as having “no time limits.” The conflict has skyrocketed gas prices, also contributing to concern among investors.
The major stock indexes mirrored Bitcoin, rallying in the middle of the week only to sputter on Friday morning. The S&P 500, for example, dropped about 2% following the release of the most recent job numbers after a brief surge on Wednesday.
Other cryptocurrencies also dropped as the week drew to a close. Ethereum is down roughly 5% since Thursday to its current price of about $1,970, and Solana is down roughly 5% during that time to its current price of about $85, according to Binance.
One analyst says that things could get worse before they get better. “If the week closes roughly as the market looks now, that would not be a very positive signal,” said Alex Tsepaev, chief strategy officer at B2Prime. “In that case, the price could move lower, and by lower I mean a possible retest of the $60,000 range per Bitcoin.”
Like most cryptocurrencies, Bitcoin (CRYPTO: BTC) has been in a slump to start 2026. Over the first two months of the year, it lost 25%, continuing a downturn that began last October.
Although this hasn’t been fun for investors, several firms predict that Bitcoin could bounce back over the rest of the year. Analysts from JPMorgan Chase, in particular, have struck an optimistic tone based on expectations of increased institutional inflows.
Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need. Continue »
Image source: Getty Images.
The Securities and Exchange Commission (SEC) approved spot Bitcoin ETFs in January 2024, leading to heavy institutional investment in the top cryptocurrency. Bitcoin ETFs hold $88 billion worth of Bitcoin, about 6% of the total supply, as of March 3, 2026.
ETF approval significantly expanded who can invest in the leading cryptocurrency. It used to be mainly the territory of retail investors, but because ETFs are regulated investment products, they allow hedge funds, pension funds, and other institutional investors to buy Bitcoin.
Bitcoin ETFs haven’t been immune to the recent sell-off. But they logged $787 million in inflows last week, snapping a streak of five straight weeks of outflows. This reversal is a sign that institutional investors are beginning to buy the dip on Bitcoin, which could be the first stages of a sustained recovery.
In a volatile crypto market, Bitcoin is the most resilient option and often the first to bounce back from downturns. ETF approval has given it a level of institutional support that no other cryptocurrency has.
While the SEC has approved spot ETFs for other cryptocurrencies, they aren’t nearly as large as those for Bitcoin. Ethereum ETFs rank second, with $13 billion in assets under management (AUM). I expect spot ETFs to help Bitcoin maintain a higher floor than in the past and rebound from its recent losses over the rest of 2026.
Should you buy stock in Bitcoin right now?
Before you buy stock in Bitcoin, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $532,066!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,122,072!*
Now, it’s worth noting Stock Advisor’s total average return is 959% — a market-crushing outperformance compared to 193% for the S&P 500. Don’t miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of March 5, 2026.
JPMorgan Chase is an advertising partner of Motley Fool Money. Lyle Daly has positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and JPMorgan Chase. The Motley Fool has a disclosure policy.
Gymbacks Set SEC Attendance Record on Senior Night; Fall to Sooners
GOP Rep. Darrell Issa of California says he will retire, months after declaring he’s “not quitting” amid redistricting
Four people injured in Colorado high country after I-70 crash
2 injured in motorcycle, pedestrian crash in Hartford
What is Delaware’s state dog? It’s not a particular breed
Florida High School Football Rankings: Top 25 teams – Oct. 21
Cleary's 21 help Le Moyne down Central Connecticut State 69-64 in OT
How old is Bo Nix? What to know about Oregon quarterback ahead of 2024 NFL Draft
99th annual Pony Swim held in Virginia
Indiana Members Credit Union announced as new anchor tenant at Bottleworks District
Man convicted of Iran-backed Trump assassination plot compared his plan to Butler shooting: FBI
‘Everyone loves Bukele,’ El Salvador’s VP Ulloa defends crackdown
Family, former presidents and a Hall of Famer give Rev. Jesse Jackson a final sendoff
Biden praises Rev. Jesse Jackson’s accomplishments during his funeral service
Appeals court declares DC ban on certain gun magazines unconstitutional
-
World1 week agoExclusive: DeepSeek withholds latest AI model from US chipmakers including Nvidia, sources say
-
Wisconsin5 days agoSetting sail on iceboats across a frozen lake in Wisconsin
-
Massachusetts4 days agoMassachusetts man awaits word from family in Iran after attacks
-
Massachusetts1 week agoMother and daughter injured in Taunton house explosion
-
Maryland6 days agoAM showers Sunday in Maryland
-
Florida6 days agoFlorida man rescued after being stuck in shoulder-deep mud for days
-
Denver, CO1 week ago10 acres charred, 5 injured in Thornton grass fire, evacuation orders lifted
-
Oregon1 week ago2026 OSAA Oregon Wrestling State Championship Results And Brackets – FloWrestling