Two U.S. fund filings dated Aug. 27 and Aug. 28 have listed three XRP-linked ETFs, adding fresh evidence of the token's growing presence across regulated investment products.
Key Takeaways
ProShares' filing lists its unlevered XRP ETF and the 2x leveraged Ultra XRP ETF
Morningstar Funds Trust's amendment includes a live fund combining S&P 500 stocks with XRP exposure
Seven U.S. spot XRP ETFs had attracted $1.57 billion in cumulative inflows by Aug. 24
XRP traders face an escrow unlock on Sept. 1 and a Senate procedural vote on Sept. 15
ProShares Files Two XRP ETF Products
A Rule 24f-2 notice submitted by ProShares Trust on Aug. 27 names the ProShares XRP ETF under series number S000091571. It also lists the ProShares Ultra XRP ETF, registered as series S000091573 and traded under the ticker UXRP. Filed under the Investment Company Act, Rule 24f-2 notices concern securities sold by investment companies and the related registration fees. Their appearance in the filing system should not be read as approval of a new product or a ruling on XRP's regulatory status. UXRP has traded since July 2025 and seeks twice the daily return of the Bloomberg XRP Index. Rather than holding XRP directly, the fund uses financial contracts, including futures and swaps, to create leveraged exposure. The fund charges an expense ratio of 1.67%. Market snapshots around Aug. 28 placed its assets under management between $40 million and $55 million, while its net asset value stood near $15.83. This connects to the broader XRP ecosystem covered in Evernorth's XRP treasury merger vote and Circle's USDC expansion.
Cyber Hornet Combines S&P 500 With XRP
Morningstar Funds Trust filed a separate post-effective amendment on Aug. 28 under Securities Act file number 333-216479. Post-effective amendment No. 15 includes the Cyber Hornet S&P 500 and XRP 75/25 Strategy ETF, which began trading on Jan. 30, 2026. Traded under the ticker XXX, the fund seeks to follow an index that assigns about 75% of its exposure to the S&P 500 and about 25% to XRP. The allocation gives investors access to large U.S. companies and the crypto asset through one exchange-listed product. The fund's equity holdings include Nvidia, Apple, Microsoft and Amazon. Its XRP-related allocation was approximately 25.7%, while the vehicle reported a net asset value of about $22.08 as of Aug. 27. Assets under management remained close to $550,000.
Spot XRP ETFs Draw $1.57 Billion in Inflows
Demand for the filings sits against a much larger market for spot products. Seven U.S. spot XRP ETFs had accumulated about $1.57 billion in net inflows by Aug. 24. Bitwise's fund led the group with approximately $542 million in cumulative inflows, followed by Canary Capital with about $468 million and Franklin Templeton with $434 million. Trading volume across the seven products reached a record $125 million on Aug. 20. Goldman Sachs also disclosed $86.5 million of exposure spread across five spot XRP ETFs in its second-quarter regulatory filing, having reported no XRP ETF holdings at the end of the first quarter. This connects to the Bitwise Solana ETF crossing $1 billion.
September Brings Two XRP Market Catalysts
Ripple is scheduled to release 1 billion XRP from escrow on Sept. 1 under its programmed monthly distribution. The U.S. Senate has also scheduled a cloture vote on the Digital Asset Market Clarity Act for Sept. 15, requiring 60 votes to advance. Standard Chartered projects an additional $4 billion to $8 billion in inflows into XRP investment products if the regulatory clarity passes. XRP traded between about $1.38 and $1.46 heading into the weekend after falling close to $1 earlier in August. The recovery left the token well below its January 2026 cycle high, despite continued ETF inflows.
