Trade NYSE Arca has “licensed the itemizing and registration” of the ProShares Extremely XRP ETF, in keeping with a Monday submitting with the SEC.
The certification got here after the fund appeared on the DTCC’s checklist, signaling it’s operationally prepared for buying and selling and settlement, although its market debut should still face delays.
The leveraged futures-based ETF, anticipated to commerce on NYSE Arca underneath the ticker UXRP, seeks to ship 2x the each day efficiency of an XRP index utilizing derivatives resembling swap agreements and futures contracts, fairly than holding XRP instantly.
Along with the Extremely XRP ETF, ProShares plans to launch two associated merchandise — the Brief XRP ETF (XRPS) and the UltraShort XRP ETF (RIPS). Neither has but been listed on the DTCC.
A product web page for the Extremely XRP ETF went dwell Monday because the fund grew to become efficient. Nevertheless, buying and selling has not but commenced.
ProShares plans to launch its trio of XRP futures ETFs on July 18, per a July 11 submitting, although the timeline might shift.
