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ProShares Ultra XRP ETF Is Now Live
In a significant milestone for the cryptocurrency market, ProShares has officially launched its Ultra XRP ETF (UXRP), marking a major advancement in the mainstream adoption of Ripple’s XRP. The new ETF is designed to deliver 2x daily exposure to the performance of XRP, providing investors with amplified access to the asset’s price movements without the need for direct ownership.
The launch of UXRP signals a groundbreaking moment for institutional investors and retail traders alike, offering a regulated structure for leveraged exposure to XRP. This innovative ETF is poised to bring significant benefits to both groups, as it enables them to capitalize on XRP’s potential upside within the context of a traditional financial framework.
UXRP’s listing follows a series of regulatory milestones, including spot Bitcoin ETFs approved in early 2024 and Ethereum ETFs greenlit. The decision comes at a time when investor appetite for crypto exposure continues to grow, as evidenced by the recent surge in XRP’s price action.
The SEC filing specifies that UXRP was made effective on July 18, 2025, solidifying ProShares’ position as a pioneer in the crypto-linked ETF space. This strategic move paves the way for greater institutional acceptance of XRP and positions it alongside top-tier cryptocurrencies like Bitcoin and Ethereum.
The article highlights ProShares’ commitment to expanding its range of leveraged ETFs, catering to both high-risk-tolerant retail investors and institutional players seeking exposure to the rapidly evolving crypto landscape.
Source: timestabloid.com
