ProShares Ultra XRP ETF Registered with US Depository's Ticker
JH Kim
Summary
- It was reported that ProShares' Ultra XRP ETF has been registered with a ticker at the US Depository.
- The ETF is described as a leveraged product that tracks twice the daily fluctuation of XRP's price.
- DTCC ticker registration is only part of the process, and there is no official approval or guarantee of listing from the US SEC.
According to CoinGape, a digital asset (cryptocurrency) specialty media outlet, ProShares' Ultra XRP Exchange Traded Fund (ETF) has been registered with the Depository Trust & Clearing Corporation (DTCC) in the US under the ticker 'UXRP' on the 8th (local time).
This ETF is a leveraged product that tracks twice the daily price fluctuation of XRP.
A DTCC ticker registration is part of the trading preparation procedure, but does not signify official approval from the U.S. Securities and Exchange Commission (SEC) nor does it guarantee listing.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.