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🚀 ProShares Ignites Crypto Markets with NYSE-Approved 2x Leveraged Solana & XRP ETFs

🚀 ProShares Ignites Crypto Markets with NYSE-Approved 2x Leveraged Solana & XRP ETFs

Author:
CoindeskEN
Published:
2025-07-15 17:00:38
14
3

ProShares Launches Leveraged Solana and XRP ETFs Following NYSE Arca Approval

Wall Street's latest crypto play just dropped—and it's doubling down on volatility.

Leverage goes live for SOL and XRP

ProShares cracks open the institutional floodgates with 2x leveraged ETFs for two of crypto's most controversial assets. No more messy custody, no decentralized wallets—just pure, unfiltered exposure to Solana's speed and XRP's regulatory limbo.

The NYSE rubber stamp

NYSE Arca's approval signals growing acceptance of altcoin derivatives, though skeptics note these products arrive just as retail traders get burned by yet another crypto winter. 'Perfect timing—as always,' quipped one hedge fund manager while shorting both assets.

High-risk, high-reward playground

These ETFs aren't for the faint-hearted: 2x daily leverage means amplified gains (and catastrophic losses) as SOL and XRP ride crypto's perpetual rollercoaster. Meanwhile, traditional finance quietly pockets the management fees.

Crypto just got another mainstream weapon—whether markets can handle the firepower remains to be seen.

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