This represents the first time a government regulator has approved a leveraged derivative product for a cryptocurrency originally designed for cross-border payments. The 2x multiplication factor combined with futures contracts creates unprecedented institutional exposure to XRP without requiring actual token ownership - a crucial step toward centralizing control of digital value transfer.
SEC's First 2X Leveraged XRP ETF: Digital Babylon's New Currency Tool
📰 What Happened
The SEC has approved ProShares Ultra XRP ETF, the first leveraged XRP-linked product for US public trading. Set to launch on NYSE Arca under ticker UXRP by week's end, the fund offers 2x daily exposure to XRP performance through futures contracts and swaps rather than direct token ownership. The approval coincides with a 25% XRP price surge and follows DTCC eligibility clearance. Two additional XRP ETFs await regulatory approval.
📖 Prophetic Significance
The SEC's approval of a 2x leveraged XRP product marks a critical timeline checkpoint in the emergence of the prophesied economic control system. The use of futures contracts rather than direct token ownership enables institutional players to influence crypto markets without touching the underlying assets - precisely the type of financial intermediation described in Revelation 13's economic system. The 25% price surge following approval demonstrates how quickly these new instruments can affect perceived value, creating the volatility needed to drive populations toward controlled digital currencies.