tldr; The SEC has approved the ProShares Ultra XRP ETF for listing on NYSE Arca, marking the first XRP-linked product for public trading in the U.S. The ETF, trading under the ticker UXRP, offers 2x daily exposure to XRP through futures contracts rather than direct token ownership. Its launch is expected by the end of the week, coinciding with Crypto Week in Washington, D.C., where crypto legislation is under review. ProShares also plans to launch inverse XRP ETFs, pending operational clearance. XRP’s price has risen 25% amid increased speculation and institutional interest.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
DuckDuckMosss on
>Expense ratio: **1.67%**
LMFAO
scoobysi on
Just futures not spot so not really notable news
chartsguru on
Not a spot etf
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tldr; The SEC has approved the ProShares Ultra XRP ETF for listing on NYSE Arca, marking the first XRP-linked product for public trading in the U.S. The ETF, trading under the ticker UXRP, offers 2x daily exposure to XRP through futures contracts rather than direct token ownership. Its launch is expected by the end of the week, coinciding with Crypto Week in Washington, D.C., where crypto legislation is under review. ProShares also plans to launch inverse XRP ETFs, pending operational clearance. XRP’s price has risen 25% amid increased speculation and institutional interest.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
>Expense ratio: **1.67%**
LMFAO
Just futures not spot so not really notable news
Not a spot etf