Investment Fund Manager American Company Proshas will launch three ETFs on April 30th, based on the future of XRP Cryptocurrency (XRP) published by Ripple Labs.
The fund has its name Ultra XRP ETF, Short XRP ETF Y Ultra Short XRP ETF. The first of them have leverage twice the price of the XRP. The second is the reverse “ETF” where prices rise when XRP drops, and vice versa. The third continues with the same dynamic as the second, but with double leverage.
As Cryptootics reports, The US market already has XRP futures ETFs. Brazil also has etf alcaé (or spot). Additionally, ProShares itself issued a request to launch an XRP ETF in the US with cash. This order awaits approval (or rejection) by the Bag and Securities Commission (SEC).
This all happens, but Ripple cryptocurrency has positive behavior. As you can see in the image below, XRP rose more than 7% last week.
Beyond basic factors, XRP Price (Like all altcoins) It is primarily determined by what Bitcoin does (BTC). In order for XRP to continue climbing, it is important that Bitcoin also stay. At the time of this publication, Bitcoin is trading at a price of nearly $94,000, as shown in the Cryptootic Calculator.
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