SEC Approves ProShares XRP Futures ETFs: XRP Price Surges Ahead Of Launch
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 28 2025
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Source: Benzinga
XRP Futures ETFs Approved: The U.S. SEC has approved ProShares' proposal to list XRP futures ETFs, set to launch on April 30, which could provide investors with a regulated way to invest in XRP, contributing to a surge in its market value.
Institutional Interest Growing: As institutional demand for cryptocurrencies like XRP increases, the approval of various ETFs, including those from Teucrium and CME Group, signals a shift towards mainstream acceptance of crypto in traditional finance.
Analyst Views on XXRP
Wall Street analysts forecast XXRP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XXRP is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 10.520
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Current: 10.520
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
