ProShares Information for XRP ETFs on Gensler’s Remaining Day as SEC Chair

• ProShares has reportedly filed for XRP leveraged and inverse ETFs and XRP futures ETFs.
• The agency submitted the ETF proposals on Gary Gensler’s final day because the SEC’s chair.
• Analysts count on extra pro-crypto actions to observe Gensler’s resignation.

ProShares, an ETF-issuing monetary providers firm, has reportedly filed for XRP leveraged and inverse ETFs alongside XRP futures ETFs. Crypto lawyer Invoice Morgan highlighted the filings on X (previously Twitter), emphasizing their timing on Gary Gensler’s ultimate day as SEC Chair.

Notably, the latest submitting by ProShares highlights the overwhelming sentiment amongst cryptocurrency institutions regarding Gensler’s tenure on the helm of affairs on the SEC. Most crypto practitioners consider the outgoing chair performed a big function within the sluggish adoption of cryptocurrency within the U.S. over the previous few years. Gensler’s period because the SEC chair noticed the Fee interact in a number of clampdowns and litigations towards crypto initiatives and institutions. 

Associated: Large Gamers Agree: XRP ETF May Be 2025’s Crypto Highlights

One of the crucial notable regulatory battles underneath Gensler’s time period is the SEC’s lawsuit towards Ripple. The prolonged authorized dispute has impacted XRP’s progress, hindering adoption regardless of the token’s early success. Latest court docket developments, nevertheless, have given XRP supporters renewed optimism, as Ripple secured partial victories within the case.

The crypto market is now trying towards Donald Trump’s inauguration, with expectations of a friendlier regulatory setting underneath his administration. Trump has pledged to interchange Gensler and set up a extra supportive framework for cryptocurrency.

Associated: Trump’s SEC Staff Boosts Spot XRP ETF Approval Odds to 70%

This anticipation has spurred vital exercise within the XRP market. Analysts predict elevated momentum for crypto merchandise, significantly these tied to Trump’s administration, together with XRP ETFs. The broader market additionally expects bullish bulletins through the early days of Trump’s presidency, probably sparking a rally throughout main cryptocurrencies.

With Trump’s inauguration simply days away, ProShares’ filings might align with a market-ready sentiment for crypto adoption and innovation within the U.S.