XRP News Today: SEC Approves ProShares Ultra XRP ETF 2x Leveraged Exposure to XRP

The U.S. Securities and Exchange Commission (SEC) has approved the listing of the ProShares Ultra XRP ETF, marking a significant milestone for the cryptocurrency market. The approval was officially announced through a letter issued by NYSE Arca on July 14, 2025, confirming the ETF’s registration under the Exchange Act of 1934. This development was widely shared by crypto commentator JackTheRippler, who posted the signed document, garnering substantial attention from the XRP and broader digital asset communities.

The ProShares Ultra XRP ETF is the first leveraged exchange-traded fund focused solely on XRP. Unlike standard ETFs, this “Ultra” ETF is designed to offer magnified exposure to the daily price movements of its underlying asset. Specifically, the fund will provide investors with a 2x exposure to XRP, meaning that if XRP gains 5% in a day, the ETF could deliver approximately a 10% return, and vice versa for losses. This innovative product not only diversifies crypto investment options but also caters to the growing institutional demand for alternatives to Bitcoin and Ethereum.

ProShares, known for launching the first-ever Bitcoin futures ETF in 2021, has once again made history with its entry into the XRP market. This move underscores the increasing institutional interest in XRP, driven by recent legal developments. In July 2023, U.S. District Judge Analisa Torres ruled that XRP sales on secondary markets do not constitute securities offerings, providing much-needed legal clarity. Although Ripple faced penalties over institutional sales, the legal standoff appears to be nearing its conclusion, with the SEC expected to follow suit. This clarity has reignited institutional interest in XRP, viewing the ProShares ETF as a signal of Wall Street’s growing trust in the asset’s compliance status and long-term potential.

The launch of the ProShares Ultra XRP ETF coincides with significant developments in Ripple’s ecosystem. The company recently introduced RLUSD, a U.S. dollar-backed stablecoin, and continues to build momentum in real-world asset tokenization and cross-border payment infrastructure. XRP plays a central role in these efforts, providing liquidity for financial institutions and decentralized platforms. With XRP recently crossing the $3.00 threshold and forming bullish long-term technical patterns, many analysts believe this ETF could catalyze a fresh wave of investment, particularly from hedge funds, asset managers, and crypto-savvy retail traders.

The ProShares Ultra XRP ETF represents more than just a new investment product; it signifies a broader shift in how XRP is perceived. No longer seen merely as a cross-border utility token, XRP is now recognized as a legitimate financial instrument by legacy institutions. This approval opens the door for traditional investors to gain leveraged exposure to one of the most battle-tested digital assets, marking a maturing regulatory environment and a wider embrace of digital assets in traditional finance.