XRP becomes available for ProShares as crypto ETF filings pile up for the SEC in ‘crypto week’.
ProShares has launched its first ETF offering exposure to XRP, the cryptocurrency used by the Ripple payment network, through future contracts on Monday (14 July) after receiving the approval from NYSE Arca on the same day. The Ultra XRP ETF (UXRP) seeks to track 2X the daily performance of the Bloomberg XRP Index before fees and expenses which measures the performance of a single XRP traded in US dollars. The fund has an expense ratio of 1.67% and monthly distribution. It is one of the