TL;DR
New XRP ETF offers double daily exposure using futures, not direct token ownership.
XRP rises 25% as ETF launch and crypto legislation align, fueling trading interest this week.
ProShares Ultra XRP ETF Approved for NYSE Arca Listing
The US Securities and Exchange Commission has approved the listing of the ProShares Ultra XRP ETF on NYSE Arca.
According to a filing dated July 14, the leveraged futures-based fund will trade under the ticker UXRP. Trading is expected to begin by the end of this week.
The ETF has also been added to the Depository Trust & Clearing Corporation (DTCC) eligibility list, a key step before trading. While a product page is already live, the fund was not yet trading at the time of publication.
Meanwhile, ProShares Ultra XRP ETF aims to deliver 2x the daily performance of an XRP index. Rather than owning the token directly, the fund intermediates it through derivative products: futures contracts and swap agreements. This enables investors to gain leve
We współpracy z: https://cryptopotato.com/sec-approves-proshares-xrp-etf-launch-imminent/
