Key Takeaways
- NYSE Arca approved the listing of the ProShares Ultra XRP ETF, which aims to offer 2x leveraged exposure to XRP price movements.
- ProShares is set to launch additional XRP-focused ETFs, including inverse and leveraged inverse products for diversified exposure.
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Exchange NYSE Arca has “certified the listing and registration” of the ProShares Ultra XRP ETF, according to a Monday filing with the SEC.
The certification came after the fund appeared on the DTCC’s list, signaling it is operationally ready for trading and settlement, though its market debut may still face delays.
The leveraged futures-based ETF, expected to trade on NYSE Arca under the ticker UXRP, seeks to deliver 2x the daily performance of an XRP index using derivatives such as swap agreements and futures contracts, rather than holding XRP directly.
In addition to the Ultra XRP ETF, ProShares plans to launch two related products — the Short XRP ETF (XRPS) and the UltraShort XRP ETF (RIPS). Neither has yet been listed on the DTCC.
A product page for the Ultra XRP ETF went live Monday as the fund became effective. However, trading has not yet commenced.
ProShares plans to launch its trio of XRP futures ETFs on July 18, per a July 11 filing, though the timeline may shift.
NYSE Arca has also approved the listing and trading of ProShares’ Solana-linked product, the ProShares Ultra Solana ETF (SLON), a separate SEC filing shows.
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