XRP ETF Approvals Loom As July Deadlines Near

XRP ETF developments are taking center stage this July, as several crucial regulatory deadlines approach, shaping the future of XRP investment vehicles in the U.S. market.

The XRP community is closely monitoring the U.S. Securities and Exchange Commission (SEC) as it nears multiple key decision points for various XRP exchange-traded funds (ETFs). Crypto analyst Nick, widely recognized under the handle Crypto Crusader, recently drew attention to the substantial number of XRP-linked ETFs awaiting regulatory clarity before their scheduled launches this month.

ProShares Set to Launch Three Futures-Based XRP ETFs

ProShares, a prominent ETF issuer, is at the forefront of this wave with plans to introduce three futures-based XRP ETFs. These include the ProShares Ultra XRP ETF, UltraShort XRP ETF, and Short XRP ETF, all currently slated for a July 14 launch. These ETFs provide investors exposure to XRP’s daily market movement, with leveraged products aiming for double the daily return—both positively and negatively.

ProShares initially filed for these ETFs in January 2025. Although April 30 was set as the original effective date, a post-effective amendment issued on June 24 postponed the official launch. According to the SEC filing, July 14 is now confirmed as the intended date, contingent on regulatory non-opposition.

Among the trio, the ProShares Ultra XRP ETF has already appeared on the DTCC platform, bearing the ticker symbol UXRP. However, the Short and UltraShort XRP ETFs remain unlisted on DTCC as of now.

More XRP ETFs on the Horizon

Besides ProShares, Turtle Capital is making its entry into the XRP ecosystem. The firm is gearing up to launch its 2X Long XRP Daily Target ETF on July 21, barring any last-minute objections from the SEC. The timing coincides with the expected completion of the SEC’s review process for the product.

Similarly, Volatility Shares is preparing for the potential approval and activation of its own futures-linked XRP offerings: the Volatility Shares XRP ETF and 2X XRP ETF. These funds could also hit the markets on July 21, provided they navigate the regulatory landscape unimpeded.

In an important milestone, one of Volatility Shares’ products, the 1X XRP ETF, already cleared regulatory hurdles and became effective on July 7, according to data shared by Crypto Crusader via Twitter.

Adding to the list, REX-Osprey has scheduled July 25 as the tentative go-live date for its XRP ETF. This too is dependent on the SEC refraining from challenging the launch.

Spot XRP ETFs Still Await Green Light

While momentum is building around futures-based XRP ETFs, the SEC has yet to formally greenlight any spot-based versions. Notwithstanding its previous indirect approval of Teucrium’s 2X Long XRP ETF (XXRP), the agency has not extended this liberty to spot XRP ETFs. Currently, more than ten applications for spot XRP ETFs remain pending.

The SEC has until mid-October to deliver final rulings on the current batch of spot ETF proposals, according to deadlines tracked in a recent report.

Related: XRP Price: $12M Max Pain for Bears

As July unfolds, the outcomes of these developments could significantly influence XRP’s trajectory in mainstream finance, with futures-based ETFs offering investors new ways to gain exposure and manage risk. However, the absence of spot ETFs remains a notable gap in the market, adding another layer of anticipation to the unfolding narrative around XRP’s investment potential.