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New York Stock Exchange Approves ProShares Ultra XRP ETF

BlockBeats News, July 15th, according to Cointelegraph, the New York Stock Exchange has approved the ProShares Ultra XRP ETF (ticker: UXRP).


The ProShares Ultra XRP ETF (UXRP) is a 2x leveraged ETF based on XRP futures contracts, designed to provide investment returns that correspond to twice the daily performance of the XRP Index. It achieves leverage through XRP futures contracts and swap agreements, without directly holding XRP spot.

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Meme Coins in the XRP Ecosystem are attracting inflows of funds, with high volatility bringing both opportunities and risks. This speculative frenzy may indeed propel XRP's rise.
The promoters have liquidated the trust's XRP and the trust will terminate upon distribution of net cash proceeds.
The Bitwise 10 Crypto Index Fund will liquidate its XRP holdings.
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