On July 15, 2025, NYSE Arca officially approved the listing and trading of the ProShares Ultra XRP ETF, marking a significant step for the cryptocurrency market. This fund, which will trade under the ticker UXRP, offers investors 2x leveraged access to daily price movements $XRP through futures contracts and swaps, without holding the token itself. Trading will begin by the end of the week after the fund is added to the Depository Trust & Clearing Corporation (DTCC) eligibility list.
This move reflects the growing interest of institutional investors in XRP, despite its unregulated status, which can lead to volatility. ProShares also plans to launch a Short XRP ETF (XRPS) and an UltraShort XRP ETF (RIPS) with inverse exposure, although their launch still requires approval. The listing coincides with Crypto Week in Washington, where key legislation, such as the Clarity Act, is being discussed.
Experts believe this could enhance the liquidity of XRP and attract more capital. Currently, XRP shows resilience, trading at $2.30 after a recent surge.
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