The U.S. Securities and Exchange Commission (SEC) has given the green light to the first-ever XRP futures ETF, launched by ProShares. This approval marks a crucial development as the ETF is set to launch on April 30th, 2025. While it isn't a spot ETF, which tracks the actual price of XRP, it represents a significant step forward for the cryptocurrency's recognition on Wall Street.

This decision underlines increasing acceptance and institutional interest in cryptocurrencies like XRP, even though the spot ETF for XRP remains unapproved. Nevertheless, the launch of a futures ETF is a noteworthy milestone, reflecting evolving attitudes towards crypto within the regulatory framework.