UXRP
Proshares Ultra XRP ETF
📎 Investment Objective
The ProShares Ultra XRP ETF (UXRP) seeks to provide 2x the daily performance of the XRP/USD exchange rate.
Overview
ETF tracking Proshares Ultra XRP ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The ProShares Ultra XRP ETF (UXRP) seeks to provide 2x the daily performance of the XRP/USD exchange rate.
🎯 Investment Strategy
The fund uses swap contracts and other derivatives to provide leveraged exposure to the XRP cryptocurrency. It does not invest directly in XRP or other digital assets.
✨ Key Features
- Provides 2x the daily performance of the XRP/USD exchange rate
- Uses derivatives to achieve leveraged exposure
- Designed for short-term trading, not long-term buy-and-hold
- Very high risk due to leverage and cryptocurrency volatility
⚠️ Primary Risks
- Extremely high volatility and risk of loss due to 2x leverage
- Tracking error can cause returns to deviate from the target 2x exposure
- Counterparty risk from derivative contracts
- Liquidity risks and wide bid-ask spreads in cryptocurrency markets
👤 Best For
This ETF is intended for experienced, risk-tolerant traders who understand the risks of leveraged cryptocurrency exposure and can actively monitor their positions. It is not suitable for long-term or conservative investors.
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