SEC Passes ProShare’s Ultra XRP ETF
2025-07-15 19:18:39
Main Idea
The SEC has approved the ProShares Ultra XRP ETF, marking a significant milestone for XRP and the broader cryptocurrency market, providing leveraged exposure to XRP and signaling growing institutional confidence.
Key Points
1. The SEC approved the ProShares Ultra XRP ETF, as confirmed by NYSE Arca's letter on July 14, 2025, under the Exchange Act of 1934.
2. The ProShares Ultra XRP ETF is the first leveraged ETF focused solely on XRP, offering 2x exposure to XRP's daily price movements.
3. This approval follows legal clarity from a 2023 court ruling that XRP sales on secondary markets do not violate securities laws.
4. The ETF launch coincides with Ripple's ecosystem developments, including the introduction of a USD-backed stablecoin (RLUSD) and payment infrastructure.
5. Analysts view the ETF as a catalyst for further market optimism, with XRP recently surpassing $3.00 and showing bullish technical patterns.
Description
In a groundbreaking move for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has approved the listing of the ProShares Ultra XRP ETF . The announcement was made official through a letter issued by NYSE Arca on July 14, 2025, addressed to the SEC’s Division of Corporate Finance. The letter confirms NYSE Arca’s certification of the ETF’s registration under the Exchange Act of 1934. This regulatory milestone was shared by renowned crypto commentator JackTheRippler on X,...
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