UXRP +2x Proshares Ultra XRP ETF

UXRP

ETF +2x BULL standard
Proshares Ultra XRP ETF
Issuer: ProShares · Tracks: XRP · Listed: 2025-07-14
Implied AUM
$29.6M
Last Close
$11.18
20260720
30d Avg Vol
93,360
Options
available
Realized return vs theoretical +2x XRP
Other leveraged products tracking XRP
Symbol Factor Direction Issuer Name Implied AUM 30d Vol Options
XXRP +2x BULL Teucrium Teucrium 2x Long Daily XRP ETF $99.4M 285,803
XRPK +2x BULL T-Rex T-REX 2X Long XRP Daily Target ETF — 2,150

How UXRP works

UXRP targets +2x the daily return of XRP — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.

Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.

  • Short-term tactical: daily and intraday holds are where these products were designed to live.
  • Premium selling: options on UXRP carry very rich IV — see the quote page for IV rank and straddle pricing.
  • Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.