ProShares Ultra XRP ETF Gets NYSE Arca Green Light for 2025

The New York Stock Exchange Arca (NYSE Arca) has officially approved the listing and registration application for the ProShares Ultra XRP ETF, under the ProShares Trust.

This approval comes after ProShares listed the XRP futures ETF on the DTCC starting from July 8.

A Breakthrough for the XRP Market

The ProShares Ultra XRP ETF is designed to deliver double (2x) the daily price movement of XRP, making it an attractive investment tool for individual and institutional investors.

NYSE Arca’s approval, one of the largest exchanges in the United States, affirms the product’s legitimacy. It opens up opportunities for investors to access XRP safely and conveniently through the stock market.

This development comes amid a maturing crypto market. Other crypto-based ETFs, such as those for Solana, were recently approved by NYSE Arca. This trend highlights the growing integration of digital assets into the traditional financial system. 

For XRP, this ETF could enhance liquidity and attract additional capital from financial institutions, which have previously been cautious due to volatility and regulatory concerns.

The ProShares Ultra XRP ETF’s approval is good news for the XRP community and the entire crypto industry. It solidifies XRP’s position as one of the leading cryptocurrencies, known for its fast payment processing and low costs, making it an ideal liquidity bridge for cross-border transactions.

However, it cannot be denied that this ETF also comes with certain risks. With its goal of achieving double daily returns, UXRP may face significant impacts from XRP price fluctuations, especially during periods of market instability.

The wave of XRP ETF launches has been booming recently. Nevertheless, many XRP ETF applications have yet to receive formal approval from the US SEC. Meanwhile, Canada has launched its first XRP ETF.

Following this move, the XRP price has not seen much volatility, recording a drop of more than 3%. It is currently trading at $2.90.