ProShares - Ultra XRP ETF
UXRP
New York Stock Exchange Arca9.55
USD
-0.56
(+2.95%)
CIK
0001141819
ISIN
US74350P4101
CUSIP
74350P410
Return %
Stock
S&P500
1Y
-74.93
19.01
3Y
-74.93
65.49
5Y
-74.93
72.21
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Jul 14, 2025
- CIK
- 0001141819
- Website
- proshares.com
- Similar Companies
- Business
- ProShares Ultra XRP ETF (UXRP) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to two times (2x) the daily performance of the Bloomberg XRP Index. The fund achieves its objective through investments in derivatives, including CME XRP futures contracts, XRP futures digital assets, and swaps; it does not invest directly in XRP cryptocurrency and operates via a wholly-owned Cayman Islands subsidiary to gain exposure to XRP price movements without holding the underlying asset. Launched on July 14, 2025, and listed on NYSE Arca under ticker UXRP with CUSIP 74347Y498, the ETF features a net expense ratio of 1.67%, daily NAV calculation at 4:00 p.m. ET, and monthly distributions; ProShares, the fund sponsor headquartered in Bethesda, Maryland, manages the product as part of its lineup of leveraged and inverse ETFs targeting cryptocurrency-linked indices for sophisticated, short-term traders. The ETF's portfolio primarily consists of futures contracts such as CME XRP Futures Digital Assets December 2025 (XRLZ5) and XRP Futures Digital Assets December 2025 (XMLZ5), alongside net other assets to support its 2x leveraged daily target aligned with the Bloomberg XRP Index, which tracks XRP traded in USD; this structure suits high-risk strategies amid cryptocurrency volatility, with recent holdings reflecting notional exposure exceeding $150 million as of December 2, 2025. UXRP targets institutional and retail investors seeking amplified short-term exposure to XRP performance, operating within the digital assets segment of the exchange-traded products industry across U.S. markets. In recent developments, UXRP launched amid a wave of ProShares XRP futures-based ETFs, including companion products like Short XRP ETF and UltraShort XRP ETF, following SEC non-objection and NYSE Arca certification in July 2025; the fund has seen significant inflows, such as $1.35 million representing 1.68% of assets under management, alongside robust trading volume surpassing 294,000 shares daily. However, on December 2, 2025, the SEC issued warning letters to ProShares and other providers, halting further ultra-leveraged cryptocurrency ETF applications under Rule 18f-4 due to excessive risk concerns for retail investors, impacting potential expansions of 5x products. These events coincide with broader XRP ETF inflows reaching $845 million across spot and futures products in late 2025, underscoring growing institutional demand despite regulatory scrutiny.
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