15-7-2025 – The New York Stock Exchange Arca (NYSE Arca) has approved the listing of the ProShares Ultra XRP ETF (UXRP), a significant step toward broadening institutional access to leveraged XRP trading. The futures-based ETF, designed to deliver twice the daily returns of an XRP index, is set to begin trading by the end of this week under the ProShares Trust.
The approval, certified under the Securities Exchange Act of 1934, reflects growing confidence in XRP-linked derivatives within regulated markets. Unlike direct XRP ownership, the UXRP ETF uses futures contracts and swap agreements to amplify daily price movements, targeting institutional investors seeking high-risk, high-reward exposure. ProShares has also proposed two additional XRP-focused ETFs—Short XRP ETF (XRPS) and UltraShort XRP ETF (RIPS)—to offer inverse exposure, though these await further clearance.
The prospectus warns of XRP’s volatility, citing risks like rapid price swings and potential liquidity issues due to its unregulated nature. Market data from CoinMarketCap shows XRP’s market cap at $171.99 billion, despite a 2.18% price drop over the past 24 hours and a 69.57% decline in trading volume. However, a 39.99% price increase over the past 90 days signals sustained interest. Historically, crypto ETF launches, like those for Bitcoin and Ethereum, have driven volatility and institutional participation, suggesting UXRP could further energize XRP’s market. Investors and analysts will closely monitor the ETF’s debut and its impact on XRP’s price and trading activity.
