ProShares’ 2X Leveraged XRP ETF Clears NYSE Arca Listing Approval

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NYSE Arca has officially certified the ProShares Ultra XRP ETF (UXRP) for listing, as disclosed in a recent SEC filing.

The fund, which tracks XRP futures rather than the spot market, is designed to deliver twice the daily returns of its benchmark—before fees and expenses.

Unlike spot crypto ETFs, futures-based products like UXRP have moved more swiftly through regulatory channels. While ProShares has not announced a specific launch date, industry chatter points to a potential debut within days.

However, the firm warns that XRP carries significant risks, including extreme price volatility, liquidity shortages, and susceptibility to market sentiment. “This ETF is not for investors seeking direct XRP exposure,” ProShares states, emphasizing the asset’s unpredictability.

As the crypto ETF space expands, UXRP’s arrival could attract traders looking for leveraged bets—but with heightened risk.