In a landmark development for both crypto and traditional finance, the U.S. Securities and Exchange Commission (SEC) has approved the launch of the ProShares Ultra XRP ETF (ticker: UXRP). Trading will officially begin on Friday, July 18, 2025, through NYSE Arca, opening a new gateway for institutional and retail investors to gain exposure to XRP through regulated markets.
This ETF, structured as a 2× leveraged futures-based product, is designed to amplify the daily performance of XRP without requiring direct ownership of the digital asset. Rather than holding spot XRP, it uses regulated futures and swap contracts, making it suitable for brokerage accounts, retirement portfolios, and hedge fund strategies.
The approval of UXRP is part of a broader move by ProShares, which also plans to launch short and ultrashort XRP ETFs under tickers XRPS and RIPS, respectively. These funds have been cleared for listing and will also go live on July 18.
Market Reaction and Institutional Impact The announcement triggered a rapid uptick in XRP’s price, briefly pushing the token above $2.92 as bullish sentiment surged. Futures volume on the CME XRP market has already crossed $1.6 billion in notional trading, signaling significant institutional interest in derivatives-based exposure to XRP.
This milestone is particularly timely. As the broader U.S. regulatory environment begins to take shape, the approval of leveraged crypto ETFs—following similar green lights for Bitcoin and Ethereum—marks a continued normalization of digital assets within traditional financial systems. Analysts expect that XRP’s addition to this ETF ecosystem could mirror Bitcoin’s previous trajectory, which saw billions in ETF inflows within weeks of launch.
A Trillion-Dollar Opportunity? The XRP ETF approval comes amid growing expectations that crypto ETFs could eventually rival traditional commodities like gold in total market share. According to estimates from Bloomberg Intelligence and Ark Invest, institutional ETF flows into digital assets could top $1 trillion globally within the next 2–3 years, with XRP likely absorbing a significant portion of that as the third major crypto asset with U.S. ETF access.
Unlike speculative altcoins, XRP has longstanding institutional partnerships, real-world settlement utility, and increasing enterprise use cases through Ripple’s infrastructure. Combined with the launch of futures and tokenization platforms on the XRP Ledger, this ETF could catalyze a flood of structured investment products using XRP as the base asset.
Final Thoughts ProShares’ leveraged XRP ETF is more than just a trading vehicle—it marks a new phase of institutional access to the XRP ecosystem. With Wall Street now formally opening its doors to XRP exposure through a compliant and regulated product, the market could be entering a period of unprecedented capital inflow.
The ProShares Ultra XRP ETF (UXRP) will be available to investors on July 18, marking the beginning of what could become a trillion-dollar transformation in the XRP market.