ProShares Ultra XRP ETF (UXRP) Set to Launch on July 18, 2025

TLDR

ProShares Ultra XRP ETF (UXRP) is set to launch on July 18, 2025, marking a significant development in the XRP market.
The ETF provides 2x daily leveraged exposure to XRP, allowing investors to capitalize on the cryptocurrency’s price volatility.
ProShares received approval from the US SEC for the listing of UXRP on NYSE Arca, signaling regulatory progress for crypto ETFs.
The launch of UXRP follows the success of ProShares’ Bitcoin and Ether futures ETFs, further expanding their crypto offerings.
Institutional interest in XRP has been increasing, reflected in record whale accumulation and rising global XRP ETF demand.

ProShares is set to launch the Ultra XRP ETF (UXRP) on July 18, expanding its portfolio of leveraged crypto ETFs. The US SEC has approved the fund’s listing on NYSE Arca, clearing regulatory hurdles for the leveraged product. This development marks a significant milestone for the XRP ETF market and indicates broader institutional acceptance.

XRP ETF Gains Regulatory Approval and Market Traction

ProShares has secured approval from the US SEC to launch its Ultra XRP ETF (UXRP) on NYSE Arca. The ETF is designed to provide 2x daily exposure to XRP price movements without requiring direct asset ownership. It is built to serve short-term traders seeking amplified exposure to XRP’s market volatility.

This XRP ETF is a leveraged product and resets daily, meaning it targets double the daily return of XRP’s price. While the product is not intended for long-term holders, it allows investors to gain access without crypto custody issues. With institutional demand rising, the XRP ETF offers a regulated and efficient access point to the digital asset.

ProShares has previously launched successful futures-based ETFs including BITO and EETH, which target Bitcoin and Ether respectively. Their performance has built investor confidence, which is now extending to the XRP ETF category. The UXRP ETF launch could further expand ProShares’ role in crypto-linked ETFs.

XRP ETF Launch Follows Rising Institutional Demand

The XRP ETF market has recently gained attention due to rising trading volumes and whale accumulation. Wallets holding over 1 million XRP have reached an all-time high, showing rising accumulation trends. Institutional interest has also grown as XRP’s role in cross-border payments continues to strengthen.

The Teucrium 2x Long Daily XRP ETF (XXRP) was the first XRP ETF to launch in the US market. It posted a 55% weekly gain recently, with over $120 million in trading volume. This performance has added credibility to the XRP ETF market and contributed to rising investor interest.

Globally, XRP futures on CME have seen a surge in activity, with 45% of volume originating outside North America. Canada’s TSX also introduced the XRPQ ETF by 3IQ, which has surpassed $50 million in assets. These developments underscore global demand for regulated XRP ETF products across multiple markets.

ProShares Expands ETF Lineup with UXRP and SLON

ProShares is also launching the Ultra Solana ETF (SLON) alongside UXRP, both offering 2x leveraged exposure to their respective tokens. CEO Michael Sapir confirmed the strategy focuses on increasing accessibility to blockchain technologies through regulated financial instruments. These ETFs simplify leveraged exposure, avoiding complex asset management or direct token ownership.

UXRP will join ProShares’ growing suite of crypto ETFs, following its success with Bitcoin and Ether strategies. BITO and EETH have delivered solid returns in recent months, building a strong performance track record. UXRP is expected to attract similar interest due to XRP’s increasing presence in financial applications.

The post ProShares Ultra XRP ETF (UXRP) Set to Launch on July 18, 2025 appeared first on CoinCentral.

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Filed under: News - @ July 17, 2025 4:28 pm