ProShares XRP ETF (UXRP) Gets Listed On DTCC

Highlights

ProShares XRP ETF, which is a leveraged fund, is now listed on the DTCC, a step towards approval.
The leveraged fund will trade under the ticker 'UXRP'
Volatility Shares and Teucrium already offer leveraged XRP funds.

The ProShares XRP ETF may be one step closer to launch, following its listing on the Depository Trust and Clearing Corporation (DTCC). This move typically forms one of the steps towards launch on an exchange.

ProShares XRP ETF Lists On DTCC Under UXRP Ticker

DTCC data shows that ProShares Ultra XRP ETF is now on the clearing agency’s platform under the ticker ‘UXRP.’ Funds on this section of the platform include products that are active and those that are “pre-launch.”

The XRP fund has yet to launch, but this move indicates that ProShares may soon get the regulatory approval from the US SEC. Asset managers, including Bitcoin ETF issuers, listed their funds on the platform just before receiving SEC approval.

CoinGape had earlier reported that ProShares amended its filing for the Ultra XRP ETF (alongside the Short and UltraShort XRP funds) to reflect a May 14 launch. However, that didn’t eventually happen.

It is worth mentioning that other XRP futures ETFs have launched during this period. Teucrium launched its 2X Long Daily ETF in April. Meanwhile, Volatility Shares launched its 1x Futures ETF on May 21.

ProShares XRP Ultra ETF will seek daily investment results that correspond to two times (2x) the daily performance of the XRP index. This leveraged fund differs from a spot ETF, which provides investors with direct exposure to the crypto asset.

The ProShares fund will invest in derivatives products and futures contracts like CME XRP futures, whose value is derived from the value of the underlying crypto asset.

Amid this development, the XRP price has broken above the $2.30 resistance level. CoinMarketCap data shows that the altcoin is up in the last 24 hours and trading at around $2.31.

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.