📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
ProShares Leveraged XRP ETF Listed on DTCC, Marking a Key Step in the Listing Process
DTCC List Indicates Upcoming Listing ProShares Ultra XRP ETF (leveraged Ripple ETF) has been registered on the Depository Trust & Clearing Corporation (DTCC) platform in the United States, with the trading code UXRP. This move is typically one of the key steps before a cryptocurrency ETF officially lists on an exchange. The "pre-launch" status on the DTCC platform indicates that the fund is in the final preparation stage before listing.
Is SEC Regulatory Green Light on the Horizon? Although the XRP fund has not yet been officially launched, this move strongly suggests that ProShares may soon receive final approval from the U.S. SEC. Previously, many asset management companies, including Bitcoin ETF issuers, listed their products on the DTCC clearing list before obtaining SEC clearance. The market generally interprets this as an important sign of approval for cryptocurrency ETFs.
The originally scheduled listing date has been postponed CoinGape previously reported that ProShares modified the application documents for its Ultra XRP ETF (along with its short and double short XRP funds), targeting a listing on May 14. However, the plan ultimately did not come to fruition.
Leverage XRP Futures ETF Competition Heats Up It is worth noting that during this period, other XRP futures ETF products have been successfully launched. Teucrium's 2x Daily Long Leveraged ETF was listed in April. Meanwhile, Volatility Shares' 1x XRP Futures ETF officially went live on May 21.
Leveraged Mechanism Analysis: 2x Tracking XRP Index Unlike spot ETFs that provide direct exposure to cryptocurrency spot prices, the ProShares Ultra XRP ETF aims to achieve twice (2x) the daily investment return corresponding to the daily performance of the XRP index. This high-volatility leveraged product primarily achieves its investment objective through investments in derivative contracts (such as CME XRP futures contracts), with its value derived from the performance of the underlying crypto asset (XRP).
Market Reaction: XRP Price Breaks Key Resistance Buoyed by this development, the XRP price successfully broke through the key resistance level of $2.30. According to Gate data, XRP is currently priced at $2.303, with a 24-hour increase of 1.81%.