The ProShares Ultra XRP ETF (UXRP) is a leveraged exchange-traded fund from ProShares that seeks daily investment results equal to two times (2x) the daily performance of the Bloomberg XRP Index, which tracks XRP priced in U.S. dollars. The fund launched on July 14, 2025 and trades on NYSE Arca under the ticker UXRP. It is part of ProShares Trust and does not hold XRP directly. It gets its exposure through XRP futures contracts, including contracts listed on CME.

XRP is the native digital asset of the XRP Ledger, an open-source blockchain designed for fast, low-cost payments and settlement. Ripple, the company most closely associated with XRP, has promoted the asset for cross-border payments and liquidity between financial institutions. The XRP Ledger also supports tokenization, a built-in decentralized exchange, and Ripple’s RLUSD stablecoin.