In a groundbreaking move for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has approved the listing of the ProShares Ultra XRP ETF . The announcement was made official through a letter issued by NYSE Arca on July 14, 2025, addressed to the SEC’s Division of Corporate Finance. The letter confirms NYSE Arca’s certification of the ETF’s registration under the Exchange Act of 1934. This regulatory milestone was shared by renowned crypto commentator JackTheRippler on X, who posted the signed document, drawing massive attention from the XRP and broader digital asset communities. A Historic Moment for XRP and U.S. Crypto ETFs The ProShares Ultra XRP ETF is the first leveraged exchange-traded fund focused solely on XRP. Unlike standard ETFs, a “Ultra” ETF is designed to offer magnified exposure to the daily price movements of its underlying asset. In this case, the fund will provide investors with a 2x exposure to XRP, meaning that if XRP gains 5% in a day, the ETF could deliver approximately a 10% return, and vice versa for losses. BREAKING: Here’s the official NYSE Arca document announcing the successful passing of Proshare’s Ultra #XRP ETF! pic.twitter.com/2Te4aH9EbC — JackTheRippler © (@RippleXrpie) July 15, 2025 ProShares, a veteran in the ETF space, made history in 2021 by launching the first-ever Bitcoin futures ETF. Its entry into XRP not only marks a new chapter in the diversification of crypto investment products but also underscores growing institutional demand for alternatives to Bitcoin and Ethereum. Legal Clarity Unlocks Institutional Confidence This ETF approval follows years of legal uncertainty surrounding XRP’s regulatory status. However, the tide began to turn in July 2023, when U.S. District Judge Analisa Torres ruled that XRP sales on secondary markets do not constitute securities offerings. Though Ripple still faced penalties over institutional sales, recent developments, including the company dropping its counter-appeal and the SEC expected to follow, suggest the legal standoff is reaching its conclusion. This growing legal clarity has reignited institutional interest in XRP, with many seeing the ProShares ETF as a signal of Wall Street’s growing trust in the asset’s compliance status and long-term potential. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Ripple’s Expanding Ecosystem Fuels Market Optimism The ETF launch coincides with major developments in Ripple’s ecosystem. The company recently rolled out RLUSD, a U.S. dollar-backed stablecoin, and continues to build momentum in real-world asset tokenization and cross-border payment infrastructure. XRP sits at the center of these efforts, providing liquidity for financial institutions and decentralized platforms alike. With XRP recently crossing the $3.00 threshold and forming bullish long-term technical patterns, many analysts believe this ETF could catalyze a fresh wave of investment, especially from hedge funds, asset managers, and crypto-savvy retail traders. A New Era for Crypto Exposure on Wall Street The ProShares Ultra XRP ETF is not just a product; it’s a landmark. It opens the door for traditional investors to gain leveraged exposure to one of the most battle-tested digital assets. It also marks a broader shift in how XRP is perceived, no longer just as a cross-border utility token, but as a legitimate financial instrument recognized by legacy institutions. As demand for crypto investment vehicles grows, the SEC’s approval signals a maturing regulatory environment and a wider embrace of digital assets in traditional finance. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post SEC Passes ProShare’s Ultra XRP ETF appeared first on Times Tabloid .
