Two new funds negotiated in exchange for crypto (ETF) target
And XRP launched in the United States on Tuesday, marking another step in the expansion intersection of traditional finances and digital assets.
Proshares, a major actor in leverage, has deployed the ultra Solana Etf proshares (Slon) and the ultra xrp andf proshares (Uxrp). The two products aim to offer twice the daily performance of their respective underlying cryptocurrencies, but do so using regulated term contracts-and not by holding the tokens themselves, proshares said in a press release.
The launches follow the confirmation of Nyse Arca, who certified “the approval of the registration” of the two funds in coordination with the Securities and Exchange American Commission (SECOND)According to two letters deposited on Monday.
Although these FNBs will not offer investors exposed directly to the movements of soil or XRP prices, their arrival on American exchanges reflects increasing institutional comfort with products supported by Crypto – in particular when linked to regulated derivative markets.
FNB -based FNBs have historically played a role in the way of opening the way to points based on points. The presence of a regulated long -term market can help regulators assess liquidity, pricing mechanisms and investor protection, all key factors in the assessment of applications for ETF Spot.
Several asset managers, including Vaneck and Bitwise, currently have active proposals with the SEC for SPOT Solana and Spot XRP ETF. The dry has not yet approved any ETF Spot linked to one or the other active, but products based on future like Slon and UXRP could influence this path.
The new funds also speak of the growing demand for merchants and institutions looking for a leverage exposure to the main altcoins, even if the regulatory image of punctual cryptographic products continues to evolve.
