NYSE Arca Approves Listing of ProShares’ Ultra XRP Futures ETF

The New York Stock Exchange (NYSE) Arca has approved the listing of ProShares’ Ultra XRP futures-based exchange-traded fund (ETF), called Ultra XRP (UXRP). The news was shared in a letter sent to the United States Securities and Exchange Commission. Notably, this is an important step for ProShares and the XRP market.

Structure of ProShares’ UXRP

ProShares, known for launching the first U.S. Bitcoin futures ETF in 2021, is now adding more products focused on altcoins. The UXRP ETF will track XRP futures contracts instead of the spot price. This lets investors predict future XRP prices while benefiting from the safety of a traditional ETF structure.

Although the exact launch date is not confirmed, many speculate that the UXRP ETF could start trading as soon as this week. If it launches, it will be the first futures-based XRP ETF for U.S. investors. This ETF would provide a regulated and accessible way to gain exposure to XRP price changes without holding the asset directly.

Meanwhile, the approval comes at a time when interest in the crypto sector is growing. XRP has seen more attention after Ripple’s legal victory against the SEC, which clarified XRP’s regulatory issues.

ProShares Trust Launches XRP ETFs

Recall that the popular investment company launched its XRP ETF offerings in April 2025. ProShares’ XRP ETF provides investors a new way to gain exposure to XRP without directly buying the token. As reported by TheCoinRise, ProShares Trust will offer several XRP-focused ETFs, including the ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and the Short XRP ETF.

The registration papers indicate that the XRP ETFs are established under a mutual fund framework and comply with the Securities Act and the Investment Company Act rules. It is worth noting that ProShares Trust is known for offering investment products linked to digital assets. This new move aligned with its broader strategy to expand into the crypto sector.

Many Still Await The Approval of Spot XRP ETF

The crypto community is still anticipating the approval of a spot XRP ETF. Nevertheless, the ProShares XRP ETFs will provide investors with leveraged and inverse exposure to XRP’s price movements. This means investors can benefit from both the rise and fall of XRP prices through regulated financial products.

Market participants hope that the success of ProShares’ funds will bring more momentum toward approving spot XRP ETFs soon. Since the Brazilian regulatory agency became the first to approve spot XRP ETFs, many hope that U.S. authorities will follow suit.