Key Insights:
- SEC records list the ProShares XRP ETF and ProShares Ultra XRP ETF as registered fund series.
- ProShares Ultra XRP ETF is already trading and targets twice XRP’s daily performance through derivatives.
- XRP fell to $1.38, with traders watching the $1.35 support zone.
ProShares has added more XRP-linked fund series to its U.S. investment product structure, according to recent SEC records. The filings list both the ProShares XRP ETF and ProShares Ultra XRP ETF under separate fund series.
The development comes as U.S. XRP investment products continue to attract investor demand. XRP price is also facing a key test after a recent decline from the $1.47 area.
ProShares Filing Adds to XRP ETF Market
A ProShares Trust Rule 24f-2 notice filed on August 27 lists the ProShares XRP ETF under series S000091571. The same filing lists the ProShares Ultra XRP ETF under series S000091573, with the latter trading under the UXRP ticker.
The filing does not represent a new SEC approval for a spot XRP ETF. Instead, it records the XRP-linked products within the ProShares Trust structure.
The registration gives the unlevered XRP fund a formal place in the company’s existing fund lineup. However, market trackers continue to classify the product as pending rather than live.
The Ultra XRP ETF already trades in the U.S. market. ProShares launched UXRP in July 2025, with the fund seeking twice the daily performance of XRP through derivatives. The product uses instruments such as futures and swaps to obtain XRP exposure.
UXRP also carries the risks associated with daily leverage. Its exposure resets each trading day, meaning its longer-term return can differ from twice XRP’s overall price performance.
Recent figures place its assets near the $50 million level. This shows that leveraged XRP exposure remains a relatively small part of the wider market.
XRP Exposure Expands Across Fund Products
The latest filing comes as XRP exposure has spread across several types of U.S. investment products. Investors can now access XRP through spot ETFs, futures-based products, leveraged funds and strategies that combine XRP with traditional equities.
A separate filing for the Morningstar Funds Trust also lists the Cyber Hornet S&P 500 & XRP 75/25 Strategy ETF. The fund holds XRP alongside major U.S. companies. This includes Nvidia, Apple, Microsoft, and Amazon, providing another structure for investors seeking exposure to the token.
U.S. spot XRP ETFs have also recorded strong demand. Recent figures show cumulative net inflows reaching about $1.55 billion. At the same time, one recent week brought roughly $39.78 million into the products.
The expanding range of XRP funds gives investors different methods of accessing the asset without directly purchasing and storing XRP. The ProShares filing therefore adds another registered XRP product to an already growing U.S. fund market.
XRP Price Prediction: Can $1.35 Support Hold?
XRP price traded near $1.38 on August 29 after falling about 5% from a weekly high around $1.47. The Ripple token fell after Federal Reserve Chair Kevin Warsh made hawkish comments at the Jackson Hole Economic Symposium. This added pressure across risk assets.
The $1.35 range has become a key support area for XRP. Meanwhile, an analyst noted that XRP price has lost support from a rising channel, leaving the $1.36 level as the next key downside target. XRP crypto could revisit that area if the price fails to move back inside the pattern.
If buyers keep XRP crypto above $1.35, the recent recovery could remain intact. A move above $1.45 would place $1.60 back into focus. At the same time, a break below $1.35 could open a path toward the $1.16 area.
XRP remains higher on the month despite the recent pullback. The token has gained about 28% over the past month, while continued ETF inflows have provided a source of demand during the broader market weakness.
Moses K is a crypto journalist covering markets, regulation, and blockchain trends. He has written for The Coin Republic, Coinchapter, Cryptopolitan, Cryptotale, Coinspeaker, and MPost. Known for his concise, data-driven reporting, Moses focuses on price analysis, on-chain metrics, and policy developments shaping the global digital asset landscape.
