- ProShares launches Ultra XRP ETF with 2x leverage on NYSE Arca.
- Regulated pathway for institutional XRP access.
- Potential volatility increase in XRP markets.
The introduction of the ProShares Ultra XRP ETF marks a significant step in bringing more traditional investors into the cryptocurrency space. Its launch provides regulated, leveraged access to XRP.
ProShares, led by CEO Michael L. Sapir, will launch the Ultra XRP ETF on July 14, 2025. The fund utilizes 2x daily leverage on XRP through CME futures, appealing to active traders. Despite its leveraged structure, the lack of direct spot market involvement simplifies access for institutions.
The ETF is expected to impact the cryptocurrency market by injecting new capital and increasing volatility around XRP. This move may encourage other institutional players to consider similar products.
ProShares’ prior launches, such as the BITO and EETH ETFs, have demonstrated the potential for short-term price movements and increased futures market activity. Data supports these trends, suggesting UXRP might follow suit.
The ETF adheres to SEC regulations, providing a legal framework for accessing leveraged cryptocurrency exposure. “ProShares Ultra XRP ETF seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the CME XRP Futures Digital Assets Index as of July 25, 2025.”
The absence of significant changes in on-chain metrics indicates other digital assets might see indirect benefits. Historical data from previous ETFs suggests increased attention and capital flows within related markets.
