Odaily News Crypto journalist Eleanor Terrett wrote on the X platform that ProShares' three XRP ETFs are not spot products, but applications for futures and leveraged/inverse products. These products do not require "approval" from the U.S. Securities and Exchange Commission like spot products. As long as the U.S. Securities and Exchange Commission does not raise any objections within a certain period of time after submitting the application, these products will take effect.