ProShares’ Ultra XRP ETFs are listed under the Deposit Trust and Clearing Corporation (DTCC) under the Ticker UXRP.
Included on the DTCC qualification list does not guarantee an immediate market debut. Still, the listing shows that the fund is operationally prepared for transactions and settlements.
The fund is designed to provide two daily rebates of XRP price transfers. ProShares is planning to launch two additional XRP-centric futures products (short XRP ETFs and UltraShort XRP ETFs), which are not yet shown in DTCC.
Proshares is targeting the launch of all three XRP futures-based ETFs, according to an overly revised prospectus filed on June 24th. However, the timeline is subject to change and the company has postponed its effective date prior to its original filing in January.
This filing was submitted through a procedural mechanism that allows the product to be launched without further substantive review or express reapply, unless objections have been raised prior to the effective date. Transactions may not begin immediately on the effective date, depending on your preparation for exchanges and other operating factors.
The top issuers of leverage and reverse exchange trade funds are also aiming to launch Solana-based funds, including the ProShares Ultrashort Solana ETF, ProShares Ultra Solana ETF, and ProShares Short Solana ETF.
Currently, only ProShares Ultra Solana ETFs are displayed in the DTCC list.
Once the XRP and Solana funds are launched, ProShares joins Teucrium Investment Advisors and Volatility stocks to offer a wealth of crypto futures-based ETFs in the US market
