XRP News Today: NYSE Arca Approves ProShares Ultra XRP ETF for Listing

Generated by AI AgentCoin World
Tuesday, Jul 15, 2025 9:09 am ET1min read
SOL
--
XRP
--

NYSE Arca, a prominent U.S. exchange for exchange-traded fund (ETF) listings, has officially approved the ProShares Ultra

XRP
ETF for listing and registration, as indicated by a notice published by the U.S. Securities and Exchange Commission (SEC) on Monday, July 14. The leveraged futures-based fund will trade under the ticker UXRP, with trading expected to commence by the end of the week.

In addition to the XRP ETF, the SEC also disclosed that the exchange has approved the ProShares Ultra

Solana
(SOL) ETF, further expanding access to leveraged crypto-based investment products. The XRP ETF is registered under the Securities Exchange Act of 1934 and will benefit from NYSE Arca's automated auctions and enhanced price discovery.

This approval coincides with Crypto Week in Washington, D.C., where legislators are discussing key issues such as the Clarity Act and the Anti-CBDC Surveillance State Act. The regulatory momentum has renewed investor focus on XRP,

Ripple
, and the broader crypto ecosystem.

ProShares is also preparing to launch two more XRP-linked ETFs: the Short XRP ETF (XRPS) and the UltraShort XRP ETF (RIPS). These funds are designed to provide inverse exposure to XRP’s daily price movements, targeting -1x and -2x returns, respectively.

As Ripple's future will likely be influenced by ETF-driven momentum, analysts are closely monitoring ProShares’ lineup of crypto-related funds. This is particularly relevant given the upcoming new chapter in the ongoing Ripple vs. SEC case, scheduled to open in August.

Summary: The approval of the ProShares Ultra XRP ETF by NYSE Arca marks a significant development in the crypto investment landscape. This ETF, along with the ProShares Ultra Solana (SOL) ETF, will provide investors with new opportunities to engage with leveraged crypto-based investment products. The regulatory environment, as evidenced by the discussions during Crypto Week, is also playing a crucial role in shaping investor sentiment towards XRP and Ripple.

Analysis: The approval of the XRP ETF by the SEC is a positive development for Ripple and the broader crypto ecosystem. It indicates a growing acceptance of crypto-based investment products and could potentially drive further interest and investment in XRP. The upcoming launch of additional XRP-linked ETFs by ProShares, along with the ongoing legal case between Ripple and the SEC, will be key factors to watch in the coming months.