$XRP and $SOL Get Leveraged #ETF Products From ProShares


$XRP and $SOL investors can now access 2x daily leveraged exposure through ProShares' new exchange-traded funds.


The ProShares Ultra #SolanaETF and ProShares Ultra #XRPETF launched Tuesday on NYSE Arca.


Both funds aim to deliver twice the daily returns of their underlying cryptocurrencies without direct asset ownership.


The products join other leveraged crypto offerings, including MSTX and MSTU, targeting MicroStrategy stock exposure.


$XRP ranks as the third-largest cryptocurrency by market cap, while Solana sits in sixth position.


Leveraged ETFs amplify both gains and losses, compounding risk if assets move against investor expectations.


The launch follows the massive success of spot $BTC and $ETH ETFs, which attracted over $52 billion and $5.5 billion, respectively.


Multiple fund managers have applied for additional altcoin-focused products as crypto adoption accelerates.

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July 16, 2025 at 12:57 PM
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