NYSE Arca has certified the approval of the launch of the ProShares Ultra XRP ETF (UXRP), according to a document filed Monday with the US Securities and Exchange Commission (SEC).
The futures-based ETF does not offer direct exposure to XRP price movements, but rather aims to double the daily performance of its benchmark index.
Unlike spot crypto ETFs, futures-based funds such as UXRP have obtained regulatory approvals and faster launches.
Although the official listing date has not yet been confirmed, speculation suggests it could debut as early as this week.
ProShares warns investors that XRP remains a high-risk asset, vulnerable to extreme volatility, liquidity constraints, and external market influences.