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SOGAZ™ 🎭 ✪
@sogaz
ProShares Ultra XRP ETF approved for NYSE Arca listing ProShares has been approved to list its Ultra XRP ETF on NYSE Arca, with trading set to begin by the end of this week. Per a July 14 filing with the Securities and Exchange Commission, NYSE Arca has certified the listing and registration of the ProShares Ultra XRP ETF under the ticker UXRP. As a preliminary step, the fund was listed on the Depository Trust & Clearing Corporation eligibility list earlier this month. When writing, a product page for the fund was already live, but trading was yet to commence. The ProShares Ultra XRP ETF is a leveraged futures-based product designed to deliver 2x the daily return of an XRP index. Instead of holding XRP directly, the fund gains exposure through derivatives such as futures contracts and swap agreements. As such, investors are able to amplify daily price movements of XRP without owning the underlying asset. Crypto.news
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