Key dealers
- Proshares’ Ultra XRP ETF has been listed on DTCC under Ticker UXRP, focused on twice the daily return of XRP.
- Additional XRP and Soana-based Futures-ETFs are planned, with proshares striving after a July 14-launch pending regulatory and operational factors.
Proshares’ Ultra XRP ETF has been listed on Depository Trust and Clearing Corporation (DTCC) Under the ticker UXRP.
Inclusion on the DTCC authorization list does not guarantee immediate marketing debut. The list is still signaling that the fund is operationally prepared for trade and settlement.
The fund is designed to deliver twice the daily return on XRP’s price movements. Proshares plan to launch two more XRP-centered futures products-the short XRP ETF and Ultrashort XRP ETF Även if these have not yet appeared at DTCC.
Proshares is aimed at July 14 for the launch of all Three XRP-Futures-based ETFsAccording to a post -efficient change prospectus Filed on June 24. But the timeline can be changed, and the company has before pushed up in force date Then the original archiving in January.
The submission was submitted through a procedural mechanism that allows the products to launch without further material review or explicit review from Sec, provided that no objections are taken up before the entry into force. Trade must not start immediately on the entry into force, depending on exchange preparedness and other operational factors.
The top issuer of leverage and inverted stock exchange traded funds also aims to start Solana-based funds, including Proshare’s Ultrascar Solan ETF, Proshare’s Ultra Solana ETF and Proshare’s Short Solan ETF.
Currently, only Proshares Ultra Solana ETF is displayed on the DTCC list.
When the XRP and Solana funds have been launched, Proshares will join the Teucrium Investment Advisors and Volatility shares to offer a comprehensive suite with crypto-futures-based ETFs in the US market.
