Currently, there are no spot XRP exchange-traded funds (ETFs) available in the United States, as none have been approved by the Securities and Exchange Commission (SEC). However, several leveraged and "futures-based" XRP ETFs have launched, and multiple spot XRP ETF applications are under review. 

Below is a summary of the available XRP ETFs and the status of pending applications based on the most recent information:

Available XRP ETFs

These are leveraged or futures-based ETFs, not spot ETFs, and they provide exposure to XRP through derivatives or amplified daily price movements:

Teucrium 2x Long Daily XRP ETF (XXRP)

Launch Date: April 8, 2025

Description: This ETF seeks to provide 2x leveraged exposure to the daily price performance of XRP, meaning it aims to double the daily price movements of XRP (before fees and expenses). It is listed on the NYSE Arca.

Management Fee: 1.85%

Note: This is a high-risk, leveraged product not intended for long-term holding due to volatility and potential compounding effects. Teucrium has noted challenges due to XRP’s price volatility and declining usage on the Ripple network.

ProShares Ultra XRP ETF

Launch Date: April 30, 2025

Description: This ETF provides 2x leveraged exposure to XRP’s daily price movements through futures contracts, allowing investors to amplify gains or losses.

Note: This is a futures-based ETF, not a spot ETF, and uses derivatives to track XRP’s price.

ProShares Short XRP ETF

Launch Date: April 30, 2025

Description: This ETF aims to provide inverse exposure to XRP’s daily price movements, meaning it seeks to profit when XRP’s price declines. It is also futures-based.

Note: Designed for traders betting against XRP’s price.

ProShares UltraShort XRP ETF

Launch Date: April 30, 2025

Description: This ETF provides -2x leveraged inverse exposure to XRP’s daily price movements, aiming to deliver double the opposite of XRP’s daily performance. It uses futures contracts.

Note: This is a high-risk product for short-term trading, not suitable for long-term investment.

Pending Spot XRP ETF Applications

While no spot XRP ETFs (which directly hold XRP) are currently available, several major firms have filed applications with the SEC, and these are under review. 

The approval of these ETFs could significantly impact XRP’s market by increasing institutional and retail access.

 The following firms have filed for spot XRP ETFs, with key deadlines noted where available:

Bitwise XRP ETF: Filed on October 2, 2024. The SEC acknowledged the application, with a review ongoing.

Grayscale XRP ETF: Grayscale proposed converting its XRP Trust into an ETF, with a critical SEC decision deadline on May 22, 2025.

21Shares Core XRP Trust ETF: Filed in late 2024, acknowledged by the SEC.

Canary Capital XRP ETF: Filed on October 8, 2024.

WisdomTree XRP Fund: Filed in December 2024.

CoinShares XRP ETF: Filed in January 2025.

Franklin Templeton XRP ETF: Filed on March 11, 2025, with an SEC decision deadline of June 17, 2025. The ETF would store XRP with Coinbase Custody Trust.

Tuttle Capital Management: Filed for an ETF opportunities trust that includes XRP among other assets.

ProShares XRP ETF: Filed for a spot ETF in January 2025, in addition to its futures-based ETFs.

Other firms like Invesco, VanEck, Fidelity, ARK Invest, and Galaxy Digital have been mentioned in X posts as having filed for XRP ETFs, but these claims lack confirmation from reliable sources and should be treated as speculative.

Key Notes

Why No Spot ETFs Yet?: The SEC has been cautious about approving spot crypto ETFs due to concerns over market manipulation, custody, and regulatory clarity. 

The resolution of Ripple’s legal battle with the SEC in March 2025, which clarified that XRP sold on public exchanges is not a security, has increased optimism for spot ETF approvals. However, the SEC’s review process is ongoing, with decisions expected by mid-2025 for many applications.

Futures vs. Spot ETFs: The currently available XRP ETFs (Teucrium and ProShares) are futures-based or leveraged, meaning they track XRP’s price indirectly through derivatives or amplify daily price swings. Spot ETFs, which directly hold XRP, are seen as more desirable by traders for their simplicity and direct exposure but remain unapproved.

Market Impact: The launch of the futures-based ETFs has already contributed to a 7% price surge for XRP in late April 2025, and spot ETF approvals could drive significant inflows. Estimates suggest that if XRP ETFs capture 15–30% of Bitcoin ETF inflows ($39 billion since January 2024), XRP’s price could rise to $12.23 or higher from its current $2.22, representing a 450%+ increase.

Risks: Leveraged and futures-based ETFs like those currently available carry high risks due to volatility, fees, and potential tracking errors. They are designed for short-term trading, not long-term holding. Investors should also be aware of XRP’s price volatility and regulatory uncertainties pending SEC decisions.

Sentiment and Outlook

Posts on X reflect strong community enthusiasm for XRP ETFs, with some users speculating about approvals in 2025 and others listing unconfirmed filers like BlackRock, which has not filed for an XRP ETF. Polymarket data indicates a 76–80% chance of a spot XRP ETF approval by the end of 2025, though short-term odds (by July 31) are lower at 42%.