ProShares Launches Leveraged XRP and Solana ETFs, Offering 2x Daily Returns

According to Decrypt, ProShares launched two new cryptocurrency ETF products on Tuesday, the ProShares Ultra Solana ETF and the ProShares Ultra $XRP ETF, which are designed to provide investors with twice the daily return of the underlying assets. These ETFs have begun trading on the New York Stock Exchange but do not directly invest in $XRP and Solana cryptocurrencies. [Foresight News]