TLDR
- ProShares has launched two new leveraged ETFs focused on Solana and XRP.
- The Ultra Solana ETF aims to deliver 2x the daily performance of Solana.
- The Ultra XRP ETF targets 2x the daily return of XRP through futures contracts.
- NYSE Arca approved both ETFs for listing and trading before their debut.
- These ETFs provide exposure to major cryptocurrencies without direct ownership.
ProShares has introduced two new leveraged ETFs, offering 2x daily exposure to Solana and XRP. These products, named Ultra Solana ETF (SLON) and Ultra XRP ETF (UXRP), received approval for listing from NYSE Arca. With this launch, ProShares expands its offerings in the digital asset ETF market.
Ultra Solana ETF offers 2x daily Solana exposure
The Ultra Solana ETF (SLON) seeks to deliver twice the daily return of Solana (SOL) by using futures contracts. Solana currently ranks as the…
