#Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
The SEC has approved ProShares to launch an XRP futures ETF product.
According to Gate.io News bot, as reported by Wu, the United States Securities and Exchange Commission ( SEC ) has approved ProShares Trust to launch multiple XRP futures ETF products, with an effective date of April 30, 2025. The approved products include ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF, which provide leveraged and reverse exposure based on XRP futures prices. It is worth noting that this approval does not involve XRP spot ETF products.