BREAKING: ProShares Ultra XRP ETF Gets Greenlight for NYSE Arca—2X Leverage Enters the Crypto Big Leagues
The SEC finally caves—Wall Street's about to get a turbocharged XRP fix.
ProShares just scored regulatory approval for its Ultra XRP ETF, set to list on NYSE Arca by Q3 2025. This isn't your grandma's crypto fund—it's a 2X leveraged beast designed to amplify every XRP price swing.
Why this matters:
- First leveraged ETF tracking a single crypto asset (sorry Bitcoin maximalists)
- Institutional traders now get built-in margin without custody headaches
- XRP liquidity could double as arbitrage bots swarm the new product
Wall Street's latest crypto casino chip comes with classic finance irony: the same regulators who spent years suing Ripple are now monetizing its volatility. The ETF's prospectus likely includes a disclaimer in Comic Sans: 'Past performance guarantees future liquidation.'
As trading desks prep for the launch, one question lingers—will this finally be the catalyst that pushes XRP past its 2018 ATH? Or just another vehicle for hedge funds to harvest retail stops?
