Leveraged XRP ETF from ProShares Receives Listing Nod from NYSE Arca
The post Leveraged XRP ETF from ProShares Receives Listing Nod from NYSE Arca appeared on BitcoinEthereumNews.com. Altcoins A new leveraged crypto ETF tied to XRP is on the horizon. NYSE Arca has formally certified the ProShares Ultra XRP ETF (UXRP) for listing, according to a regulatory filing sent to the SEC this week. While the exact launch date remains uncertain, speculation across trading circles suggests the product could debut within days. UXRP will offer 2x daily exposure to XRP futures contracts, aiming to amplify gains—and losses—based on short-term XRP performance. Unlike spot ETFs, which directly track asset prices, UXRP is built on derivatives and won’t give investors true ownership of XRP. ProShares warns that the fund carries high volatility and unique risks linked to XRP’s fast-moving, often unpredictable market—driven by social sentiment, liquidity shifts, and speculative demand. This isn’t ProShares’ only venture into XRP-linked funds. In January, the firm filed for a trio of related ETFs, including inverse and ultra-short versions. The move marks part of a broader trend among issuers seeking to expand beyond Bitcoin and Ethereum. XRP, Solana, and Dogecoin have all emerged as top contenders for future ETF products as the race to diversify crypto exposure heats up. Author Alexander Zdravkov Reporter at Coindoo Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team. Related stories Next article Source: https://coindoo.com/leveraged-xrp-etf-from-proshares-receives-listing-nod-from-nyse-arca/
The post Leveraged XRP ETF from ProShares Receives Listing Nod from NYSE Arca appeared on BitcoinEthereumNews.com.
Altcoins A new leveraged crypto ETF tied to XRP is on the horizon. NYSE Arca has formally certified the ProShares Ultra XRP ETF (UXRP) for listing, according to a regulatory filing sent to the SEC this week. While the exact launch date remains uncertain, speculation across trading circles suggests the product could debut within days. UXRP will offer 2x daily exposure to XRP futures contracts, aiming to amplify gains—and losses—based on short-term XRP performance. Unlike spot ETFs, which directly track asset prices, UXRP is built on derivatives and won’t give investors true ownership of XRP. ProShares warns that the fund carries high volatility and unique risks linked to XRP’s fast-moving, often unpredictable market—driven by social sentiment, liquidity shifts, and speculative demand. This isn’t ProShares’ only venture into XRP-linked funds. In January, the firm filed for a trio of related ETFs, including inverse and ultra-short versions. The move marks part of a broader trend among issuers seeking to expand beyond Bitcoin and Ethereum. XRP, Solana, and Dogecoin have all emerged as top contenders for future ETF products as the race to diversify crypto exposure heats up. Author Alexander Zdravkov Reporter at Coindoo Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team. Related stories Next article Source: https://coindoo.com/leveraged-xrp-etf-from-proshares-receives-listing-nod-from-nyse-arca/
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