ProShares XRP ETF approved; what’s next for Ripple?
2025-07-15 12:54:02
Main Idea
NYSE Arca has approved the ProShares Ultra XRP ETF and ProShares Ultra Solana ETF for listing, marking a significant step in expanding leveraged crypto-based investment options.
Key Points
1. The ProShares Ultra XRP ETF (UXRP) and ProShares Ultra Solana (SOL) ETF have been approved by NYSE Arca and the SEC, with trading expected to begin soon.
2. The XRP ETF is registered under the Securities Exchange Act of 1934 and will benefit from NYSE Arca's Crypto Week event.
3. XRP's price surged over 27% in a week ahead of the ETF approval, reaching a high of $3.02 before settling at $2.90.
4. ProShares is also preparing to launch two more XRP-linked ETFs: the Short XRP ETF (XRPS) and the UltraShort XRP ETF (RIPS), offering inverse exposure to XRP's price action.
5. Analysts are closely monitoring ProShares' crypto-related funds, especially in light of the ongoing Ripple vs. SEC case.
Description
NYSE Arca, the leading U.S. exchange for exchange-traded fund ( ETF ) listings, has officially approved the ProShares Ultra XRP ETF for listing and registration, according to a notice published by the U.S. Securities and Exchange Commission (SEC) on Monday, July 14. The leveraged futures-based fund will trade under the ticker UXRP, and trading is expected to begin by the end of the week. In a separate filing, the SEC also disclosed that the exchange has greenlighted the ProShares Ultra Solana ( ...
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