XRP News Today: ProShares Launches First Leveraged XRP ETF, XRP Market Cap Surges 16%

ProShares has launched the first leveraged XRP ETF, marking a significant milestone in the cryptocurrency market. The ProShares Ultra XRP ETF, trading under the ticker UXRP, is a futures-based fund that offers 2x daily exposure through cash-settled CME futures. This development comes after the SEC approved the launch, with the proposed effective date set for July 18, 2025. The ETF is now live and trading on NYSE Arca, providing investors with a regulated investment product in the U.S. markets.

The launch of the ProShares Ultra XRP ETF is expected to pave the way for wider institutional access to XRP. This move opens the door for broader institutional participation in the XRP market, which until now has been largely out of reach for many traditional investors. The momentum has attracted heavyweight interest, with major asset managers filing applications linked to XRP investment products. This signals growing confidence in the asset’s long-term potential.

The regulatory landscape for XRP has also seen significant developments. Market chatter suggests the US SEC may soon drop its appeal in the high-profile Ripple case. If that happens, it would cement a 2023 court ruling that found XRP sales to retail investors do not constitute securities offerings under US law. This regulatory clarity is expected to further boost investor confidence in XRP.

XRP's market cap surged from $185B to over $215B following the ETF's release, with trading volumes exceeding $23B. Institutional investments have increased, indicating heightened interest in XRP post-ETF acceptance. The ETF's approval has led to an increase in XRP trading and market activity, highlighting its potential impact on other cryptocurrencies. Bitcoin remains stable below $120k, while SHIB shows no immediate rally.

The launch of the ProShares Ultra XRP ETF is a game-changing development for the Ripple community. It provides investors with a regulated investment product in the U.S. markets, offering 2x daily exposure through cash-settled CME futures. This move is expected to attract more institutional investors to the XRP market, further driving its growth and adoption. The ETF is now live and trading on NYSE Arca, providing investors with a new way to gain exposure to XRP.

Analysts predict that XRP's current upward trend could continue, driven by institutional demand and favorable market conditions. The launch of the ProShares Ultra XRP ETF is expected to influence both regulatory and technological advancements in cryptocurrency markets. This development marks a new chapter in crypto derivatives, offering investors a leveraged exposure to XRP through a regulated investment product.