ProShares Ultra XRP ETF Is Now Live
2025-07-18 20:29:27
Main Idea
The ProShares Ultra XRP ETF (UXRP) is now live, offering 2x daily exposure to XRP's performance, marking a significant step in mainstreaming XRP as an investment vehicle.
Key Points
1. The ProShares Ultra XRP ETF (UXRP) was officially launched on July 18, 2025, following an SEC filing under the Investment Company Act of 1940.
2. UXRP provides 2x daily leveraged exposure to XRP's price movements through derivatives and futures contracts, targeting institutional and high-risk-tolerant retail investors.
3. The ETF's approval follows regulatory clarity from a 2023 court ruling that XRP sold on secondary markets is not a security, enabling such investment products.
4. ProShares Trust, with legal support from Dechert LLP, is the registrant for UXRP, headquartered in Bethesda, Maryland.
5. The launch coincides with XRP's price surge to $3.60, entering price discovery territory, which may attract investors seeking leveraged exposure to potential gains.
Description
In a pivotal move for digital asset adoption, the ProShares Ultra XRP ETF (ticker: UXRP) is now officially live. This development, confirmed by crypto community source RippleXity on X, signals a major advancement in bringing XRP to traditional financial markets through regulated investment products. The ETF was made effective following the filing of Amendment No. 377 under the Investment Company Act of 1940 by ProShares Trust. A New Era for XRP Investment ProShares, renowned for its lineup of le...
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