ProShares Don List 2x XRP & Solana Leveraged ETFs for NYSE Arca
ProShares don get SEC approval and DTCC clearance to list their first U.S. altcoin leveraged ETFs—Ultra XRP and Ultra Solana—on NYSE Arca, wey dem dey target 2× daily returns through futures and swap derivatives. Dem plan also get Short XRP and UltraShort XRP ETFs, still dey wait for DTCC eligibility, and all futures-based XRP products suppose drop by July 18 during Washington, D.C.’s Crypto Week. This move jam with the about 30% rally wey XRP don get over the past week. Even though these ETFs dey offer regulated, transparent exposure wey institutions go like, traders must dey watch serious risks—XRP’s ongoing regulatory wahala, Solana network outages, and sharp value drop for leveraged ETFs—because leverage fit increase both gain and loss.
Bullish
Di SEC and DTCC approve for 2× leveraged XRP and Solana ETFs for NYSE Arca mean say e good for both tokens. For short term, wetin dey make dem list for regulated exchange na say e dey push institutional demand and liquidity, as e show for recent 30% rally wey XRP get. Even though leverage product fit increase volatility and decay with time, their transparent and regulated setup dey attract capital. For long term, these ETFs fit make more people take part as investors, make market wide reach deep and support steady price rise, pass the risk wey dey like regulatory wahala for XRP and when Solana network get outage.