Crypto
XRP-Linked ETFs Surge as ProShares and Morningstar Expand Offerings
Three new XRP-linked exchange-traded funds (ETFs) have been filed in the US, as ProShares and Morningstar expand their offerings.
The filings include two unlevered and 2x leveraged XRP ETFs from ProShares, as well as a Cyber Hornet fund from Morningstar that combines S&P 500 stocks with XRP.
These new ETFs come on the heels of significant growth in regulated exposure to XRP, with spot XRP ETFs attracting $1.57 billion in inflows by late August.
Ripple's upcoming escrow release on September 1 and a Senate vote on digital asset regulation on September 15 could impact XRP's market and regulatory clarity.