ProShares Ultra XRP ETF saw a fresh wave of capital on April 2, as the leveraged crypto vehicle pulled in $2.27 million in new money despite a bruising quarter for its underlying token. The inflow into UXRP lifted its assets under management to $38.77 million, with the latest subscription equal to roughly 5.85% of the fund’s total size.
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The related asset, XRP-USD, is currently trading at $1.2999, having shed about 44.18% over the past three months as risk appetite toward altcoins has cooled. Yet the token’s 1-day technical picture remains bearish, flashing a Strong Sell signal that contrasts with the renewed investor interest in the ETF.
The sharp inflow into UXRP suggests some traders may be positioning for a rebound in XRP or using the fund tactically to hedge or amplify short-term moves. With such a large single-day flow relative to AUM, even modest price swings in XRP-USD could translate into outsized volatility for the leveraged vehicle, underscoring the speculative nature of current positioning.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.