• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

ProShares Ultra XRP ETF: Step Closer to Launch on DTCC

user avatar

by Giorgi Kostiuk

6 hours ago


The ProShares Ultra XRP ETF has taken a significant step towards its public launch by being added to the Depository Trust and Clearing Corporation (DTCC).

Launch of the ETF and the Role of the SEC

The ETF, which will trade under the ticker UXRP, does not guarantee immediate launch. However, being listed on the DTCC indicates that crucial operational steps have been completed. Historically, this has led to final approval from the U.S. Securities and Exchange Commission (SEC) for similar crypto ETFs, creating optimistic expectations for ProShares' regulatory approval.

Structure and Risks of the ETF

The ProShares Ultra XRP ETF is a leveraged fund aimed at providing twice the daily returns of an underlying XRP index. Instead of holding XRP directly, the fund uses financial instruments like derivatives and futures contracts, including CME XRP futures. Leveraged ETFs are typically targeted at experienced investors due to their magnified exposure to price fluctuations, but they come with increased risks.

Market Dynamics of XRP

XRP's market has responded positively to recent updates, with the token rising above $2.30 and currently trading around $2.32. This reflects growing investor interest and confidence in the progress of ETF approvals, which may lead to broader adoption of XRP in mainstream markets.

The listing of the ProShares Ultra XRP ETF on the DTCC marks a significant step towards its launch and signifies growing interest in XRP-related products. Expected SEC approval could expedite the launch of new crypto ETFs.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

How Blockchain is Transforming Gambling on Slots

chest

Exploring the impact of blockchain on gambling and the best strategies for playing crypto slots.

user avatarGiorgi Kostiuk

Cryptocurrencies: Fresh Energy and BlockDAG's Achievements in July 2025

chest

The cryptocurrency market has revitalized, with BlockDAG garnering attention for its achievements and sports partnerships.

user avatarGiorgi Kostiuk

SUI Up Over 10%: Analyzing the Causes and Future Expectations

chest

SUI token rises over 10% due to tBTC launch and Grayscale report. Experts predict a rise to $5.

user avatarGiorgi Kostiuk

10X Capital's BNB Treasury Company Plans to List on U.S. Stock Exchange

chest

BNB Treasury Company by 10X Capital prepares for listing, providing investors access to the BNB ecosystem.

user avatarGiorgi Kostiuk

BNB Chain Burns 1.6 Million Tokens Worth $1 Billion

chest

BNB Chain conducted its 32nd quarterly burn of 1.6 million BNB tokens, reinforcing their deflationary model

user avatarGiorgi Kostiuk

Justin Sun's $100M Investment in TRUMP Memecoins Boosts Market

chest

Justin Sun invests $100 million in TRUMP memecoins, leading to a 5% price increase and a surge in market capitalization.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.