ProShares XRP ETFs Focus on Futures and Leveraged Products

According to Odaily, crypto journalist Eleanor Terrett stated on the X platform that the three ProShares XRP ETFs are not spot products. Instead, they are applications for futures and leveraged/inverse products. Unlike spot products, these do not require explicit 'approval' from the U.S. Securities and Exchange Commission (SEC). They become effective as long as the SEC does not raise any objections within a certain period after the application is submitted.